This paper develops a regional dynamic general equilibrium model calibrated using two regional SAMs for the Italian region Valle D’Aosta for the years 1963 and 2002. A historical calibration procedure is performed over the 40 years period and a validation exercise ensures that the modelled...

This working paper estimates the impact on the local economy of the High Garda Natural Park of alternative management scenarios for the West Garda Regional Forest. The local economy is specialized in tourist services and strongly linked to the tourist presence and their level of expenditure. We...

This study describes the development of the region Valle d'Aosta in a historical perspective by comparing the current economic conditions with those observed in 1963 and depicted by two regional SAMs. The SAM multipliers analysis reveals the core characteristics and the changes occurred during...