Comparison of Input-Output, Input-Output + Econometric and Computable General Equilibrium Impact Models at the Regional Level

West G.R. (1995) Comparison of Input-Output, Input-Output + Econometric and Computable General Equilibrium Impact Models at the Regional Level. Economic Systems Research, 7 2: 209-227. doi:10.1080/09535319500000021


Author West G.R.
Title Comparison of Input-Output, Input-Output + Econometric and Computable General Equilibrium Impact Models at the Regional Level
Journal name Economic Systems Research   Check publisher's open access policy
ISSN 1469-5758
Publication date 1995-01-01
Sub-type Article (original research)
DOI 10.1080/09535319500000021
Open Access Status Not yet assessed
Volume 7
Issue 2
Start page 209
End page 227
Total pages 19
Subject 2002 Cultural Studies
Abstract Economic impact studies are a common practice—indeed, a necessary prerequisite in many cases of project development—in Australia. Although input-output (IO) is still regarded as the ‘bread-and-butter’ model for these types of study, attention in recent years has turned towards more sophisticated models, the main contenders being integrated IO+econometric and computable general equilibrium models. All these models, which are often promoted as substitutes, exhibit characteristics which are theoretically and empirically appealing, yet questions have been raised with respect to the different approaches, with apparently little awareness at the practitioner level as to the extent of these differences. This paper compares the three models and demonstrates that the differences can be quite substantial, even when the models rely on the same database and are subjected to the same impact scenario.
Keyword CGE
impact studies
Input-output
integrated model
Queensland
Q-Index Code C1
Q-Index Status Provisional Code
Institutional Status Unknown

Document type: Journal Article
Sub-type: Article (original research)
Collection: Scopus Import - Archived
 
Versions
Version Filter Type
Citation counts: Scopus Citation Count Cited 62 times in Scopus Article | Citations
Google Scholar Search Google Scholar
Created: Tue, 30 Aug 2016, 12:43:01 EST by System User