General Equilibrium Perspective on Structural Change in the Rural Economy

Maureen Kilkenny and Daniel Otto

Staff General Research Papers Archive from Iowa State University, Department of Economics

Abstract: A research study explored innovative methods for constructing computable general equilibrium (CGE) models for rural structural change and development policy analysis. These are the 'make' matrix, the personal consumption goods-industrial goods matrix, the occupation-industry matrix and the map distance matrix. Modeling the CGE for rural areas requires particular attention to the results of econometric tests on economics theories, especially since rural communities are demographically and economically different from urban regions.

Date: 1994-12-01
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Published in American Journal of Agricultural Economics, December 1994, vol. 76 no. 5, pp. 1130-1137

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Journal Article: A General Equilibrium Perspective on Structural Change in the Rural Economy (1994)
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