Cassey, Andrew J.; Holland, David W.; Razack, Abdul - In: Applied Economic Perspectives and Policy 33 (2011) 4, pp. 623-638
Because of more restrictive assumptions on regional input-output (IO) models compared to computable general equilibrium (CGE) models, IO results are thought to be consistent with long-run equilibrium but otherwise overestimated. We compare IO and CGE models' response to a shock to Washington...
