Regional Adjustment to Globalization: A CGE Analytical Framework

Giesecke, James; Madden, John R.

doi:10.1007/978-3-540-72444-5_11

Cited by 4 publications

(2 citation statements)

References 34 publications

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“…In general, this mode is used for a forecast period (see Giesecke and Madden, 2007), but it can also be used to examine the effects of an historical period. The closure is changed from an historical one to that suitable for modelling the particular policy scenario under consideration.…”

Section: Policy Deviation Modementioning

confidence: 99%

Modelling the Economic Impacts of the Sydney Olympics in Retrospect - Game Over for the Bonanza Story?*

Giesecke

Madden

2011

Economic Papers: A Journal of Applied Economics and Policy

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Do the large economic benefits predicted for Olympics host countries actually materialise? We re‐examine the Sydney 2000 Olympics via historical modelling with a multiregional dynamic computable general equilibrium model, taking care to avoid sources of overestimation, such as elastic factor supply assumptions; failure to treat public inputs as costs; and overestimation of foreign tourism demand impacts. We first conduct a simulation from 1997/1998 to 2005/2006 to construct a base case and to assess the extent of Olympics‐induced awareness of Australia on tourism demand. Our historical simulation results which are driven by observed values for economic variables, including tourism statistics, do not provide support for the presence of induced tourism. We then conduct a simulation for a no‐Sydney Olympics counterfactual and find that the Olympics generated a real consumption loss of $2.1 billion. We do identify economic winners from the Games and consider the possibility of non‐use benefits from the Games offsetting the real consumption loss.

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Section: Policy Deviation Modementioning

confidence: 99%

Modelling the Economic Impacts of the Sydney Olympics in Retrospect - Game Over for the Bonanza Story?*

Giesecke

Madden

2011

Economic Papers: A Journal of Applied Economics and Policy

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“…Obviously, a small portion of all these Brazilian corruption problems was related to hosting the FIFA World Cup. However, because the locals perceive most of the public officials as being corrupt, this perception is also likely to influence residents' perceptions and support for the FIFA World Cup, especially considering the fact that organizing and hosting the FIFA World Cup requires significant financial resources (Giesecke & Madden, 2007). Therefore, Brazil offers the ideal conditions for the current study.…”

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confidence: 99%

Impact of Transparency and Corruption on Mega-Event Support

Santos¹,

Gürsoy²,

Ribeiro³

et al. 2019

Event Management

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Uncovering the Factors behind Comparative Regional Economic Performance: A Multi-regional Computable General Equilibrium (CGE) Approach

Giesecke

Madden

2008

Regional Studies

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Giesecke J. A. and Madden J. R. Uncovering the factors behind comparative regional economic performance: a multi-regional computable general equilibrium (CGE) approach, Regional Studies. Recently, a new method has emerged for uncovering the factors driving regional growth disparities. The method involves historical analysis with a multi-regional computable general equilibrium (CGE) model. This paper has three main aims. First, to demonstrate the capacity of the CGE historical technique to decompose the causes of regional divergence into clearly specified economic factors. Second, to provide a generic miniature model that can be used as a template for adapting any multi-regional CGE model to give it the capacity for undertaking historical analysis. Third, to demonstrate that this same miniature model can be used to explain the regional results in terms of the major model mechanisms behind them. [image omitted] Giesecke J. A. et Madden J. R. Devoiler les facteurs derriere la performance economique comparative des regions: une facon CGE a plusieurs regions, Regional Studies. Recemment, une nouvelle methode qui cherche a devoiler les facteurs qui conduisent les ecarts de la croissance regionale a vu le jour. Cette methode necessite une analyse chronologique a partir d'un modele d'equilibre general a plusieurs regions sur ordinateur. Cet article a trois objectifs. Primo, on cherche a demontrer la capacite de la technique chronologique CGE a decomposer les causes de l'ecart regional en facteurs economiques precis. Secundo, on cherche a fournir un modele miniature generique que l'on peut employer en tant que gabarit afin d'adapter aucun modele CGE a plusieurs regions pour que l'on puisse augmenter sa capacite a faire une analyse chronologique. Tertio, on cherche a demontrer que ce meme modele miniature sert a expliquer les resultats regionaux en termes des mecanismes majeurs qui le soutiennent. Equilibre general sur ordinateur Croissance regionale Ecart regional Analyse chronologique a plusieurs regions Giesecke J. A. und Madden J. R. Ermittlung der Faktoren hinter der komparativen regionalen Wirtschaftsleistung: Ein multiregionaler CGE-Ansatz, Regional Studies. In jungster Zeit ist eine neue Methode zur Ermittlung der Faktoren entstanden, die beim Regionalwachstum Disparitaten verursachen. Die Methode beinhaltet eine historische Analyse mit einem multiregionalen berechenbaren allgemeinen Gleichgewichtsmodell (CGE-Modell). Mit unserem Beitrag verfolgen wir drei Hauptziele. Erstens mochten wir nachweisen, dass sich die historische CGE-Technik zu einer Dekomposition der Ursachen regionaler Divergenz in klar spezifizierte Wirtschaftsfaktoren eignet. Zweitens wollen wir ein generisches Miniaturmodell entwickeln, das als Vorlage zur Anpassung eines beliebigen multiregionalen CGE-Modells genutzt werden kann, um mit diesem Modell historische Analysen durchfuhren zu konnen. Drittens mochten wir nachweisen, dass sich anhand desselben Miniaturmodells die regionalen Ergebnisse hinsichtlich der grosseren, dahinterliegenden Modellme...

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Regional Adjustment to Globalization: A CGE Analytical Framework

Cited by 4 publications

References 34 publications

Modelling the Economic Impacts of the Sydney Olympics in Retrospect - Game Over for the Bonanza Story?*

Modelling the Economic Impacts of the Sydney Olympics in Retrospect - Game Over for the Bonanza Story?*

Impact of Transparency and Corruption on Mega-Event Support

Uncovering the Factors behind Comparative Regional Economic Performance: A Multi-regional Computable General Equilibrium (CGE) Approach

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