Sectoral, Regional, and General Equilibrium Models

Sectoral, Regional, and General Equilibrium Models

1st Edition - January 28, 1980

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  • Editors: Robert H. Haveman, Kevin Hollenbeck
  • eBook ISBN: 9781483264158

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Description

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.

Table of Contents


  • 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

Product details

  • No. of pages: 316
  • Language: English
  • Copyright: © Academic Press 1980
  • Published: January 28, 1980
  • Imprint: Academic Press
  • eBook ISBN: 9781483264158

About the Editors

Robert H. Haveman

Kevin Hollenbeck

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