In this paper, a computable general equilibrium (CGE) microsimulation model is used to analyze the effects of an <italic>ex ante</italic> legalization of drugs on the Colombian economy. The model consists of 11 productive sectors, 3 different labor force categories with unemployment, and 20 households divided by...

Discrete-time econometric input-output models of regional economies, such as Regional Econometric Input-Output Models (REIMs), have been used to examine the impacts over time of unexpected (and usually extreme) events. Analyses carried out with such models have been limited, in part, because of...

One of the main concerns associated with the development and use of regional CGE models is the determination of key parameter values, particularly substitution and other price elasticities. A common problem is the lack of appropriate regional data for econometric estimation. Consequently, it is...

Inter-regional trade estimation has been pointed out as a crucial problem when constructing a multiregional input--output system. Knowledge of inter-regional trade flows, at least of the pooled volume of exports and imports by commodity, is critical in accounting for important spillover and...