Conjoining an input - output model and a policy analysis model: a case study of the regional economic effects of expanding a port facility
A 484-sector Massachusetts static input - output (MIO) model is conjoined with the Massachusetts Economic Policy Analysis (MEPA) model which includes supply relationships, industrial location responses to changing costs, and a production function allowing substitution among inputs. This makes it possible to draw upon the distinctive features of both models. The technique is demonstrated by a study that analyzes the effect on the Massachusetts economy of the expansion of a container port facility at Boston. The approach presented here has general applicability to policy analysis and planning studies that require both the detailed regional interindustry interactions captured by a disaggregated input - output model and the cost, price, supply, location, and demand interdependencies which are endogenous in the best regional forecasting and policy simulation models.
Year of publication: |
1981
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Authors: | Stevens, B H ; Treyz, G I ; Kindahl, J K |
Published in: |
Environment and Planning A. - Pion Ltd, London, ISSN 1472-3409. - Vol. 13.1981, 8, p. 1029-1038
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Publisher: |
Pion Ltd, London |
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