Since the early 1970s, computable general equilibrium (CGE) models have been widely used for policy impact assessment, thanks to improved computational capacity. A CGE model can capture various distribution and growth impacts of a given policy shock, imposing utility/profit maximization conditions and thus market-clearing prices. The model is capable of generating substantial simulation details in both regional and sectoral dimensions, which have offered public decision makers with strategic insights into efficiency, effectiveness, and priority associated with available policy options. This seminar has two main goals. The first is to offer a brief overview of the CGE model. The speaker will then introduce three exemplary application areas within the urban and regional research field: (i) impacts of transport infrastructure investment on household incomes; (ii) optimal size of regional population and the impacts of ageing population structure on regional economic performance; and (iii) housing tax policies and regional housing demands.
About the Speaker:
Dr. Euijune Kim is Professor of Regional Science and Planning in the Department of Agricultural Economics and Rural Development at Seoul National University. Professor Kim holds a PhD in Regional Science from Cornell University, and has expertise in the areas of regional economics, infrastructure policy, and CGE modelling. He has received numerous awards and prizes thanks to his crucial contribution to the regional science field, and his research outcomes have been widely published in the field’s major journals, including Papers in Regional Science, Urban Studies, and Real Estate Economics. Professor Kim was the president of the Korean Regional Science Association in 2014/15 and has served as a chief editor for the Annals of Regional Science and as an associate editor for the Journal of Economic Structures, New Frontiers in Regional Science, and the Asia-Pacific Journal of Regional Science. His recent CGE-based research has explored various urban and regional policies, including infrastructure impact analysis and regional economic growth and inequality.
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Enquiries: 3917 2721
CENTRE OF URBAN STUDIES AND URBAN PLANNING
THE UNIVERSITY OF HONG KONG