Journal article

Forward Looking Dynamics In Spatial CGE Modelling

Year:

2013

Published in:

Economic Modelling
spatial dynamic CGE
optimal growth model
product diversity
trade costs
regional economics

This paper sets up a spatial dynamic CGE framework by combining the optimal growth model of saving and investment under adjustment costs and the spatial CGE model with Dixit–Stiglitz structure in the modern sector. Because of increasing product diversity on the dynamic equilibrium path, the model belongs to the category of semi-endogenous growth models. We overcome the difficulty of existing multiregional models to correctly approximate the infinite horizon equilibrium by employing a theoretically consistent terminal condition. The distinction of goods, factors, firms, and households by location, and the incorporation of trade costs in the model allow to study a variety of issues in regional and transport economics. We describe the model calibration and a tailor-made solution algorithm. The functionality is demonstrated using two illustrative examples.

Other publications by

36 publications found

2017
Journal article

Spatial Disparities, Transport Infrastructure, and Decentralization Policy in the Delhi Region

Publisher: Journal of Urban Planning and Development

Authors: Artem Korzhenevych, Manisha Jain

2013
Journal article

Do The Selected Trans European Transport Investments Pass The Cost Benefit Test?

Publisher: Transportation

Authors: Artem Korzhenevych, Stef Proost, Fay Dunkerley, Saskia Van der Loo, Nicole Adler, Johannes Bröcker

2017
Working paper

The Effect Of Land Consumption On Municipal Tax Revenue: Evidence From Bavaria

Publisher: Technische Universität Dresden

Authors: Artem Korzhenevych, Sebastian Langer

2019
Journal article

Determinants Of Growth In Non‑Municipal Areas Of Delhi: Rural–Urban Dichotomy Revisited

Publisher: Journal of Housing and the Built Environment

Authors: Artem Korzhenevych

2009
Book Chapter

Regional Unemployment and Welfare Effects of the EU Transport Policies: Recent Results from an Applied General Equilibrium Model

Publisher: Springer Berlin

Authors: Artem Korzhenevych, Johannes Bröcker

2024
Journal article

New Editors-In‑Chief And Editorial Board

Publisher: Review of Regional Research

Authors: Artem Korzhenevych, Thomas Brenner, Iris Wanzenböck, Kristina Nyström

2018
Working paper

Investment Subsidies And Regional Welfare: A Dynamic Framework

Publisher: Technische Universität Dresden

Authors: Artem Korzhenevych, Johannes Bröcker

2020
Book Chapter

From Informal to Inclusive Urbanization: Options for Funding the Transformation in India

Publisher: Engineering Science Reference

Authors: Artem Korzhenevych, Manisha Jain, N. Sridharan

2021
Journal article

Renewable Minigrid Electrification in Off‑Grid Rural Ghana: Exploring Households Willingness to Pay

Publisher: Sustainability

Authors: Artem Korzhenevych, Charles Kofi Owusu

2021
Journal article

Integrating Spatial Development With Infrastructure Provision Along An Envisioned Transport Corridor: A Conceptual Framework And Its Application To India

Publisher: Land Use Policy

Authors: Artem Korzhenevych, Manisha Jain