An application of the integrated transport network-multi-regional CGE model: An impact analysis of government-financed highway projects

Euijune Kim, Hong Sok Kim, Geoffrey J.D. Hewings

Research output: Contribution to journalArticlepeer-review

Abstract

This paper analyses the impacts of highway development with different financing strategies. We examine two ways in which the government can finance highway development projects: it can (a) use current tax system, or (b) impose earmarked taxes. Our model is composed of a transport network model and a multi-regional Computable General Equilibrium model. The model specifies the behaviours of sixteen producers, four regional households, four regional governments, a central government, and the rest of the world. The results indicate that imposing regional earmarked taxes has a greater effect on income growth and the reduction of regional income inequality than does the current tax system.

Original languageEnglish (US)
Pages (from-to)223-245
Number of pages23
JournalJournal of Transport Economics and Policy
Volume45
Issue number2
StatePublished - May 1 2011

ASJC Scopus subject areas

  • Transportation
  • Economics and Econometrics
  • Management, Monitoring, Policy and Law

Fingerprint Dive into the research topics of 'An application of the integrated transport network-multi-regional CGE model: An impact analysis of government-financed highway projects'. Together they form a unique fingerprint.

Cite this