Regional computable general equilibrium modeling: A survey and critical appraisal

Regional computable general equilibrium (CGE) models have grown in populari ty in recent years as an alternative method to examine regional economies a nd regional policy issues. However, the contribution of regional CGE models has yet to be assessed. Therefore, this paper surveys the literature relat ed to regional CGE modeling. The survey includes a discussion of the contri butions that CGE models have made to regional economic analysis. In additio n, the basic approach of regional CGE modeling is outlined, and the key fea tures of existing regional CGE models are detailed. The paper also appraise s of the current state of the art of regional CGE modeling and suggests fut ure research directions.