Spatial networks in multi-region computable general equilibrium models
Hans Lofgren and
Sherman Robinson ()
No 35, TMD discussion papers from International Food Policy Research Institute (IFPRI)
The spatial dimension of economic policy is often important. However, as opposed to partial-equilibrium multi-region programming models, existing multi-region Computable General Equilibrium (CGE) models have rarely explicitly treated geographical space. This paper develops a spatial-network, mixed-complementarity CGE model that combines the strengths of CGE and partial-equilibrium programming models. We implement the model with a prototype data set for a stylized, poor, developing country with rural regions linked to an urban region that provides the gateway to international markets. We demonstrate that the model provides a good framework for analyzing the impact of higher world prices and reduced domestic transportation costs.
Keywords: Equilibrium (Economics); Economic policy.; Spatial analysis (Statistics); Computable general equilibrium (CGE). (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:fpr:tmddps:35
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