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Working Paper 10-06 - Network Industry Reform in Belgium: Macroeconometric versus General-Equilibrium Analyses

Jan van der Linden

Working Papers from Federal Planning Bureau, Belgium

Abstract: In network industries the market reform that is being pursued by national and supranational authorities should lead to an improvement of efficiency, which spills over into a beneficial macroeconomic impact. This paper presents two alternative simulations of the potential impact in Belgium. These simulations give very different outcomes, but are still complementary. A macroeconometric approach seems to be more realistic in the short and mid term because it has been built up from observed behavioural relationships. A general-equilibrium approach gives rise to drawing some lessons about the conditions that make the impact more pronounced in the long term.

Keywords: Forecasting models; Network industries; Liberalisation (search for similar items in EconPapers)
JEL-codes: C53 C68 D61 E27 L43 L90 (search for similar items in EconPapers)
Date: 2006-09-30
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Persistent link: https://EconPapers.repec.org/RePEc:fpb:wpaper:200610

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