The role of defense cuts in the California recession: computable general equilibrium models and interstate factor mobility
ABSTRACT.This study develops a computable general equilibrium (CGE) model of California to examine the impact of recent defense cuts on the state's economy. The study demonstrates use of a CGE model to examine the sensitivity of regional economy models to assumptions about factor migration. Model va...
| Main Authors: | , , |
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| Format: | Journal Article |
| Language: | Inglés |
| Published: |
Wiley
1996
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| Subjects: | |
| Online Access: | https://hdl.handle.net/10568/171597 |
| _version_ | 1855538461698686976 |
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| author | Hoffman, S. Robinson, Sherman Subramanian, Shankar |
| author_browse | Hoffman, S. Robinson, Sherman Subramanian, Shankar |
| author_facet | Hoffman, S. Robinson, Sherman Subramanian, Shankar |
| author_sort | Hoffman, S. |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | ABSTRACT.This study develops a computable general equilibrium (CGE) model of California to examine the impact of recent defense cuts on the state's economy. The study demonstrates use of a CGE model to examine the sensitivity of regional economy models to assumptions about factor migration. Model variants include input‐output and closed economy models as limiting cases. The results show that the California economy is sensitive to defense cuts. The multiplier relating the impact of defense cuts to state product ranges from one to almost five, depending on the degree of interstate factor mobility. |
| format | Journal Article |
| id | CGSpace171597 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 1996 |
| publishDateRange | 1996 |
| publishDateSort | 1996 |
| publisher | Wiley |
| publisherStr | Wiley |
| record_format | dspace |
| spelling | CGSpace1715972025-02-19T14:02:16Z The role of defense cuts in the California recession: computable general equilibrium models and interstate factor mobility Hoffman, S. Robinson, Sherman Subramanian, Shankar computable general equilibrium models economic depression ABSTRACT.This study develops a computable general equilibrium (CGE) model of California to examine the impact of recent defense cuts on the state's economy. The study demonstrates use of a CGE model to examine the sensitivity of regional economy models to assumptions about factor migration. Model variants include input‐output and closed economy models as limiting cases. The results show that the California economy is sensitive to defense cuts. The multiplier relating the impact of defense cuts to state product ranges from one to almost five, depending on the degree of interstate factor mobility. 1996-11 2025-01-29T12:58:25Z 2025-01-29T12:58:25Z Journal Article https://hdl.handle.net/10568/171597 en Limited Access Wiley Hoffman, S.; Robinson, Sherman; Subramanian, Shankar. 1996. The role of defense cuts in the California recession: computable general equilibrium models and interstate factor mobility. Journal of Regional Science 36(4): 571-595. https://doi.org/10.1111/j.1467-9787.1996.tb01119.x |
| spellingShingle | computable general equilibrium models economic depression Hoffman, S. Robinson, Sherman Subramanian, Shankar The role of defense cuts in the California recession: computable general equilibrium models and interstate factor mobility |
| title | The role of defense cuts in the California recession: computable general equilibrium models and interstate factor mobility |
| title_full | The role of defense cuts in the California recession: computable general equilibrium models and interstate factor mobility |
| title_fullStr | The role of defense cuts in the California recession: computable general equilibrium models and interstate factor mobility |
| title_full_unstemmed | The role of defense cuts in the California recession: computable general equilibrium models and interstate factor mobility |
| title_short | The role of defense cuts in the California recession: computable general equilibrium models and interstate factor mobility |
| title_sort | role of defense cuts in the california recession computable general equilibrium models and interstate factor mobility |
| topic | computable general equilibrium models economic depression |
| url | https://hdl.handle.net/10568/171597 |
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