Turkey is among top ten countries in the world tourism market in terms of international tourist arrivals and international tourism revenues. Tourism sector has grown rapidly over the last three decades and emerged as an important foreign exchange earner. It is argued that tourism creates...

The present paper describes the modelling of regional labour markets in the newly developed dynamic spatial general equilibrium model RHOMOLO, where the labour market equilibrium is determined by firms' labour demand, a wage-curve determining unemployment, and inter-regional labour migration....

Numerous attempts have been made to evaluate economic impacts by climate change, and the evaluation method can be classified into two approaches. One is a partial equilibrium approach and the other is a general equilibrium approach. The former method includes a travel cost method (TCM) and a...

In classical Computable General Equilibrium (CGE) models all decisions are about continuous quantities, represented by non-negative real numbers. In a spatial framework it is however natural to allow for discrete choices, like choice location of residence and/or and location of work. Another...

Unilateral climate policy by the EU can be detrimental for global climate protection. Our purpose is to provide an economic analysis of this policy, to quantify the risk of carbon leakage, and to investigate economic effects related to the potential anti-leakage policy measures. We analyze...

This paper outlines the theory and database preparation of IndoTERM, a 'bottom-up' computable general equilibrium model of the Indonesian economy. IndoTERM follows the pattern of other CGE models of the TERM family: it treats each region of a single country as a separate economy, linked to other...

Many studies point to a connection between voluntary activities, social connectedness, and social capital. Social capital has been defined in various ways in social sciences, but the important common aspect of the definitions is that extensive social relations are valuable to the individual?s...

To explain economic impacts of flood damage due to climate change over time in Japan, this study develops a dynamic spatial computable general equilibrium model, and measures flood damage costs through some numerical experiments. It is inferred that the frequency and the intensity of flood are...

This paper proposes the consistent method with general equilibrium models to measure use value and non-use value of large-scale change in environmental quality. First, we develop a general equilibrium model that parameters of the utility function with environmental quality as a dependent...

The aim and scope of this paper is to isolate the effects of population ageing in the context of potential Scottish independence. Fiscal challenges are often quoted as a strong argument against independence. Demographic processes play an important role in determining future economic growth via...