MATEC Web Conf.
Volume 103, 2017International Symposium on Civil and Environmental Engineering 2016 (ISCEE 2016)
|Number of page(s)||9|
|Section||Transportation Infrastructures and Highway Engineering|
|Published online||05 April 2017|
Regional Financial CGE Model for Infrastructure Investment Policy
Department of Civil Engineering, Kobe University, 1-1 Rokkodai Nadaku Kobe, Japan
* Corresponding author: firstname.lastname@example.org
In this paper, regional financial computable general equilibrium (RFCGE) model was developed. The RFCGE model is a useful tool in the evaluation of regional fiscal policies. So far, computable general equilibrium (CGE) models have often been used to evaluate regional infrastructure investment policies. However, conventional CGE models do not consider financial assets, such as deposits, equities, and government bonds and decision-making mechanism of government. Therefore, applying CGE models might overestimate the benefit incidence of policies on the rural society. To confirm this theory, the RFCGE model was applied to regional infrastructure investment policy.
© The Authors, published by EDP Sciences, 2017
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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