Computable General Equilibrium Analysis in Transportation Economics

This chapter describes how computable general equilibrium (CGE) analysis, pioneered by Johansen (1960), Harberger (1962), and, on a larger scale, by Shoven and Whalley (1984), is now a standard tool in empirical economics for simulating the effects of variations in exogenous variables and parameters on any kind of economic variable such as output, employment, prices, income, and welfare. Exogenous variations (also called shocks) range from policy variables such as tax rates, tariffs, and transfers over regulatory frameworks to technologies and preferences. The literature is huge. A well-known large multi-country world model is GTAP (Hertel, 1997). A more recent field of application is transport economics, and this is the subject of this chapter. A typical transport economics application is the study of the quantitative impacts of transport initiatives such as infrastructure investments or pricing policies on economic variables.

• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/isbn/0080441084
• Supplemental Notes:
  • Published as Volume 5, Handbooks in Transport series, ISSN 1472-7889.
• Corporate Authors:

  Elsevier

  The Boulevard, Langford Lane
  Kidlington, Oxford  United Kingdom  OX5 1GB
• Authors:
  • Brocker, Johannes
• Publication Date: 2004

Language

• English

Media Info

• Media Type: Print
• Edition: First
• Features: Figures; References;
• Pagination: pp 269-289
• Monograph Title: Handbook of Transport Geography and Spatial Systems

Subject/Index Terms

• TRT Terms: Economic analysis; Economics; Employment; Equilibrium (Economics); Income; Output; Policy making; Pricing; Public transit; Quantitative analysis; Welfare economics
• Subject Areas: Economics; Highways; Planning and Forecasting; Policy; Public Transportation;

Filing Info

• Accession Number: 01004022
• Record Type: Publication
• ISBN: 0080441084
• Files: TRIS
• Created Date: Sep 23 2005 7:10AM