State-of-the-Art in Regional Computable General Equilibrium Modelling with a Case Study of the Philippines

Abstract

The developments in regional Computable General Equilibrium (CGE) models have been reviewed with a view to identify future directions for modelling in the Philippines. It is observed that regional CGE models have been used extensively in the analysis of national and regional issues. These models can be divided into three classes: region-specific, bottomup and “partial†models. This paper asserts that existing models of the Philippines generally belong to the third class. This implies that there is very little scope for evaluating region-specific issues in the Philippines.Community/Rural/Urban Development, International Development,