Sectoral, Regional, and General Equilibrium Models

1st Edition - January 28, 1980
Editors: Robert H. Haveman, Kevin Hollenbeck
Language: English
eBook ISBN:
9 7 8 - 1 - 4 8 3 2 - 6 4 1 5 - 8

Microeconomic Simulation Models for Public Policy Analysis, Volume 2: Sectoral, Regional, and General Equilibrium Models is a collection of papers presented at a conference of the… Read more

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Microeconomic Simulation Models for Public Policy Analysis, Volume 2: Sectoral, Regional, and General Equilibrium Models is a collection of papers presented at a conference of the same title held in Washington, D.C. in March 1978. This volume deals with economic equilibrium models. This collection also discusses micro data models of the macroeconomy that include policy explorations concerning the transaction model of the American economy. One paper reviews the experiments with fiscal policy parameters from a micro to a macro model related to the Swedish economy: this model analyzes inflation at the micro market level, as well as the interactions between profits, investments, inflation, and growth. Another paper analyzes alternative plans for corporate and income tax integration in the United States: the model used shows that integration of personal and corporate income taxes can yield revenues of $6 billion. As regards rehabilitating central city housing issues, one author present a simulation model which shows that rehabilitation of the existing housing inventory can only produce small net gains over time. To have larger gains, the model shows that net increase in demand for housing should also follow. This book can prove useful for economists, sociologists and officials involved in community development and in the public sector.

List of Figures

List of Tables

List of Contributors

Preface

Contents of Volume 1

Microdata Models of the Macroeconomy

1 Policy Explorations with the Transactions Model of the U.S. Economy

A Short Description of the Transactions Model Fitting the Model to Data for 1973-1975

Simulations of the Effects of Policy Changes

Future Directions for Research with the Transactions Model

Discussion

Discussion

2 Experiments with Fiscal Policy Parameters on a Micro to Macro Model of the Swedish Economy

Introduction

The Model

Taxes, Business-Cycle Policy, and Industrial Structure: Applications of the Swedish Micro to Macro Model

Conclusions and Plans for the Future

Discussion

Discussion

3 Corporate and Personal Tax Integration in the United States: Some Preliminary Findings

Introduction

Objectives of Tax Integration and the General Equilibrium Approach

A General Equilibrium Model of the U.S. Economy and Tax System

Representing the Tax Integration Plans in Model Equivalent Form

Results

Conclusion

Discussion

Discussion

Microdata Models with Regional and/or Sectoral Impacts

4 A Microeconomic Simulation Model for Analyzing the Regional and Distributional Effects of Tax-Transfer Policy: An Analysis of the Program for Better Jobs and Income

Introduction

The Structure of the Simulation Model

The Program for Better Jobs and Income-The Basis for Analysis

Some Policy Implications

Caveats and Future Directions of Research

Appendices

Discussion

Discussion

5 Rehabilitating Central-City Housing: Simulations with The Urban Institute Housing Model

Introduction

The Model

Data Bases Underlying the Model

Simulating Rehabilitation Programs

Summary, Conclusions, and Implications

Discussion

Discussion

6 IDIOM: A Disaggregated Policy-Impact Model of the U.S. Economy

Introduction

Implementing the Model

Directions of Substantive Model Development

An Application to Military Export Policy and Compensatory Alternatives

Appendix: A Mathematical Description of IDIOM

Discussion

Discussion

An Appraisal of Microdata Simulation Models

7 Microdata Simulation: Current Status, Problems, Prospects

References

Index