Multi-regional Dynamic General Equilibrium Modeling of the U.S. Economy

Multi-regional Dynamic General Equilibrium Modeling of the U.S. Economy

Author: Glyn Wittwer

Publisher: Springer

Published: 2017-07-26

Total Pages: 241

ISBN-13: 3319588664

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This book details the preparation of USAGE-TERM, a computable general equilibrium model that provides regional economic detail in the USA. The model can represent either congressional district or state level economic activity. The latter may include a top-down representation of county activity. Interest in USAGE-TERM is growing among government departments. It is a practical tool, which may enhance analysis of productivity growth and innovation, adverse events such as drought or civil disruption and the dynamic economic impacts of major projects.Economic analysts and policy makers care about regions. Some regions suffer growing pains, as supporting infrastructure and services struggle to cope with population growth. Soaring house prices and rentals may lower affordability for many. Other regions suffer ongoing decline due to structural change. Regional economic fluctuations are often far more dramatic than national fluctuations.


Economy-Wide Modeling of Water at Regional and Global Scales

Economy-Wide Modeling of Water at Regional and Global Scales

Author: Glyn Wittwer

Publisher: Springer

Published: 2019-02-07

Total Pages: 223

ISBN-13: 9811361010

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This book deals with the economic modelling of water at the global, national and sub-national levels. It presents a multi-faceted analysis and, while it outlines the theories behind various models, its main purpose is to analyse policy issues and present insights arising from modelling, including a chapter analysing the macroeconomic implications of climate change. Arguably the most compelling reason for publishing a book on the economic modelling of water arises from the fact that agriculture accounts for approximately 70% of water used for economic purposes, while only contributing 4% of global income. Given that water is an essential commodity, this discrepancy may in part be symptomatic of an undervaluation of water due to immature and incomplete markets. In turn, this undervaluation has led to an ongoing misallocation of water. When economic models include water accounts that feed into production functions, they model impacts on the marginal product of water. Policies that improve the link between the marginal product and price of water will improve water allocation, while advanced economic models such as those presented here can enhance our ability to explore the possible impacts of improved policy.


Advances in Spatial and Economic Modeling of Disaster Impacts

Advances in Spatial and Economic Modeling of Disaster Impacts

Author: Yasuhide Okuyama

Publisher: Springer Nature

Published: 2019-11-08

Total Pages: 422

ISBN-13: 3030162370

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This book presents essential advances in analytical frameworks and tools for modeling the spatial and economic impacts of disasters. In the wake of natural disasters, such as Hurricane Katrina, the Haiti Earthquake, and the East Japan Earthquake and Tsunami, as well as major terrorist attacks, the book analyzes disaster impacts from various perspectives, including resilience, space-time extensions, and decision-making strategies, in order to better understand how and to what extent these events impact economies and societies around the world. The contributing authors are internationally recognized experts from various disciplines, such as economics, geography, planning, regional science, civil engineering, and risk management. Thanks to the insights they provide, the book will benefit not only researchers in these and related fields, but also graduate students, disaster management professionals, and other decision-makers.


Techniques for Evaluating the Differences in Multiregional Input-Output Databases

Techniques for Evaluating the Differences in Multiregional Input-Output Databases

Author: Anne Owen

Publisher: Springer

Published: 2017-02-10

Total Pages: 236

ISBN-13: 331951556X

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This book introduces the Eora, Global Trade Analysis Project (GTAP) and World Input-Output (WIOD) databases and provides detailed metadata on the data sources, database structures and construction techniques used to build each system. It offers a detailed account of how multi-regional input–output (MRIO) databases are used to calculate consumption-based accounts – guiding the reader through each mathematical step and explaining the associated equations. It demonstrates that different MRIO databases calculate different national level consumption-based CO2 accounts. If these results are to be used as evidence in climate policy-making, analysts need to be confident about the accuracy of the databases and understand why the results differ. It carefully explains the mathematical equations behind each technique and provides a link to a repository where the reader can access specially prepared MATLAB functions associated with the techniques. To make meaningful comparisons between the three MRIO databases, each is mapped to a consistent classification system comprising 40 countries and 17 sectors. Further, readers can access the aggregated databases using the link provided. The effect of this aggregation is shown to be minimal, so readers can be confident that the aggregated versions of each database reflect the full-sized versions. The book concludes by making recommendations as to how future MRIO databases could be accurately and consistently constructed and how they should be used in policy-making in light of the findings. Endorsement Anne Owen did a splendid job in comparing the most important Global Multiregional Input Output databases (GMRIO) available. She probably is the first to develop a good understanding what factors in GMRIO construction really contribute to uncertainties in carbon footprint analysis. A great achievement, packed in easy to understand language! Prof. Arnold Tukker Scientific director CML Leiden, NL With its thorough investigations and clear explanations of the differences in MRIO databases and outcomes, this book is compulsory reading for both skilled practitioners and scholars when starting any input-output analysis in a multiregional context. Dr. Harry C. Wilting Senior researcher, environment and economics PBL Netherlands Environmental Assessment Agency, NL A novel exposition on understanding some of the biggest datasets underpinning current global sustainability assessments. Dr. Owen straddles technical incision with practitioner relevant insights and includes a range of methodological advances that will ensure the continued relevance of this work for many years to come. Prof. Richard Wood Industrial Ecology Program NTNU, Norway


Handbook of Input-Output Economics in Industrial Ecology

Handbook of Input-Output Economics in Industrial Ecology

Author: Sangwon Suh

Publisher: Springer Science & Business Media

Published: 2009-05-13

Total Pages: 885

ISBN-13: 1402057377

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Industrial Ecology (IE) is an emerging multidisciplinary field. University departments and higher education programs are being formed on the subject following the lead of Yale University, The Norwegian University of Science and Technology (NTNU), Leiden University, University of Michigan at Ann Arbor, Carnegie Mellon University, University of California at Berkeley, Institute for Superior Technology in Lisbon, Eidgenössische Technische Hochschule (ETH) Zürich, and The University of Tokyo. IE deals with stocks and flows in interconnected networks of industry and the environment, which relies on a basic framework for analysis. Among others, Input-Output Analysis (IOA) is recognized as a key conceptual and analytical framework for IE. A major challenge is that the field of IOA manifests a long history since the 1930s with two Nobel Prize Laureates in the field and requires considerable analytical rigor. This led many instructors and researchers to call for a high-quality publication on the subject which embraces both state-of-the-art theory and principles as well as practical applications.


Input-output Economics

Input-output Economics

Author: Wassily Leontief

Publisher: Oxford University Press, USA

Published: 1986

Total Pages: 449

ISBN-13: 0195035275

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This collection of writings provides the only comprehensive introduction to the input-output model for which Leontief was awarded the Nobel Prize in 1973. The structural approach to economics developed by Leontief, and known as input-output analysis, paved the way for the transformation of economics into a truly empirical discipline that could utilize modern data processing technology. This thoroughly revised second edition includes twenty essays--twelve of which are new to this edition--that reflect the past developments and the present state of the field. Beginning with an introductory chapter, the book leads the reader into an understanding of the input-output approach--not only as formal theory but also as a research strategy and powerful tool for dealing with a complex modern economy.