Computable General Equilibrium (CGE) Modelling and Cost-Benefit Analysis (CBA) presented by
|
|
- Lillian Tamsyn Golden
- 6 years ago
- Views:
Transcription
1 Computable General Equilibrium (CGE) Modelling and Cost-Benefit Analysis (CBA) presented by Peter B. Dixon Centre of Policy Studies, Victoria University to the Cost Benefit Analysis Forum Sydney July 17, 2015
2 CBA and CGE CBA is concerned with particular projects, e.g. staging an event such as the Olympic games; imposing an environmental regulation, such as a ban on clear felling in a native forest ; improving public infrastructure, e.g. highways CBA outputs include: effects on economic variables such as revenues (e.g. ticket sales, TV rights) and costs (e.g. stadium construction); and effects on non-economic variables such as health, air quality, and leisure time. CBA outputs are focused on variables close to the particular project
3 CBA and CGE CGE is concerned with the whole economy. Traditional applications are in the analysis of broad economic policies, e.g. taxes, tariffs, trade, immigration CGE outputs include effects on economic variables such as real consumption, welfare, GDP, exports and imports, aggregate employment, average wage rates, and output by industries CGE outputs include variables that seem far from the policy under consideration
4 Connection between CBA and CGE Project, e.g. Improved highways CBA Effects on project related variables, e.g. trucking costs CGE Effects on economy-wide variables, e.g. GDP
5 Topics 1. Introduction to CGE modeling: the USAGE model of the U.S. and the input-output database 2. CBA/CGE assessment of the effects of highway expenditure in the U.S. 3. Concluding remarks
6 1. Introduction to CGE modeling: the USAGE model and I-O database
7 USAGE applied by and on behalf of U.S. International Trade Commission, U.S. Treasury, U.S. Departments of Commerce, Agriculture, Homeland Security and Energy, the Cato Institute and the Canadian Government in analyses of trade policies, the Obama stimulus package, the national export initiative, illegal immigration, terrorism threats, epidemics, biofuels and other greenhouse policies, environmental regulations, oil prices, U.S. jobs from trade with Canada and North American integration Also used in traditional CBA areas e.g. analyses for: Mitre Corporation on airport infrastructure (NextGen) Dept. of Transportation on costs/benefits of road infrastructure
8 USAGE input-output database (contains 11m value flows) Basic Flows Prod- Invest- House- Exports Govt ucers ors holds Size I I CS. Margins Sales Taxes Labour Capital Land CSN. CS. M 1 1
9 2. CBA/CGE assessment of the effects of increased highway expenditure in the U.S.
10 Inputs and outputs of a CBA model and translation into shocks for a CGE model CBA model: Highway Economic Requirements System (HERS) CGE Model: U.S. Applied General Equilibrium (USAGE)
11 Chart 1. Paths of federal highway capital expenditure (2010$m) Policy Baseline Exogenous shock in both HERS and USAGE
12 Chart 2. Deviation in highway capital expenditure as % of GDP
13 Chart 3. Maintenance cost saving with increased spending (2010$m) Endogenous result from HERS, exogenous shock in USAGE 0
14 Chart 4. Percentage effects of policy on vehicle operating costs per mile travelled Endogenous result from HERS, exogenous shock in USAGE introduced as general input-saving technical change in trucking and public & private passenger transport Trucking Passenger
15 Chart 5. Percentage changes in fuel use per mile, specific category of operating costs Endogenous result from HERS, exogenous shock in USAGE introduced as fuel-using technical change in trucking and public & private passenger transport Passenger Trucking 0.1 0
16 Chart 6. Extra medical costs associated with increased highway investment expenditure ($m 2010 prices) Endogenous result from HERS, exogenous shock in USAGE introduced as nonwelfare enhancing increase in medical expenditures by households
17 Chart 7. Extra fatalities associated with increased highway investment expenditure Endogenous result from HERS, exogenous shock in USAGE introduced as welfare reduction of $7m (2010 prices) per fatality Total extra fatalities
18 Chart 8. Percentage reductions in time per VMT associated with increased highway investment Endogenous result from HERS, exogenous shock in USAGE introduced as change in labour productivity in trucking and leisure & labour supply for households Trucking -1.2 Passenger -1.4
19 Outputs from the CGE model: USAGE
20 Chart 9. Aggregate employment (percentage deviations from baseline) Deficit financed Lump-sum tax Factors determining employment paths: (1) Multi-factor productivity (2) Terms of trade (3) Labour intensity of expenditures (4) Labour supply Petroleum tax
21 Chart 10. Aggregate welfare (% deviations from baseline) Deficit financed Petroleum tax 0.1 Lump-sum tax
22 3. Concluding remarks CBA models such as HERS include expertize beyond economics and cover variables (e.g. travel time, vehicle operating costs, highway maintenance, transport-related medical costs, fatalities) not usually included in economic models We modified USAGE so that it could accept HERS variables. Required interaction with engineers - moving outside the comfort zone for economists CGE offers a method for translating CBA results into economy-wide outcomes This translation is aimed at improving the political effectiveness of detailed cost/benefit analysis carried out by the U.S. Department of Transportation
Economy-wide (general equilibrium) analysis of Philippines mitigation potential
Global Trade Analysis Project Economy-wide (general equilibrium) analysis of Philippines mitigation potential Erwin Corong Center for Global Trade Analysis, Purdue University Crowne Plaza Hotel, Manila
More informationTelling Canada s story in numbers Elizabeth Richards Analytical Studies Branch April 20, 2017
Recent Developments in the Canadian Economy: How have the decline in oil prices and a weaker Canadian dollar affected Canada s economy? www.statcan.gc.ca Telling Canada s story in numbers Elizabeth Richards
More informationEconomic Overview. Melissa K. Peralta Senior Economist April 27, 2017
Economic Overview Melissa K. Peralta Senior Economist April 27, 2017 TTX Overview TTX functions as the industry s railcar cooperative, operating under pooling authority granted by the Surface Transportation
More informationBrazil Baseline and Mitigation Scenarios
Brazil Baseline and Mitigation Scenarios The 12 th AIM International Workshop William Wills ww@ufrj.br Tsukuba, Japan 19-21, February 2007 CCAP (Center for Clean Air Policy): Dialogue on Future International
More informationBy making use of SAFRIM (South African Inter-Industry Macro-Economic Model) By Jeaunes Viljoen, Conningarth Economists, 1
By making use of SAFRIM (South African Inter-Industry Macro-Economic Model) By Jeaunes Viljoen, Conningarth Economists, South Africa 10/13/2011 1 1960: The economy experienced high growth rates mining
More informationBuilding on Kyoto: Towards a Realistic Global Climate Change Agreement and What Australia Should Do
Building on Kyoto: Towards a Realistic Global Climate Change Agreement and What Australia Should Do Warwick J. McKibbin & Peter J. Wilcoxen ANU Public Lecture, 3 July 2008 Overview Climate Science Lessons
More informationCost and Benefit Analysis of Possible Philippine Participation in the Trans-Pacific Partnership Agreement
Cost and Benefit Analysis of Possible Philippine Participation in the Trans-Pacific Partnership Agreement (available at: http://www.gii.ncr.vt.edu/docs/gii_wp2014-1.pdf) Caesar B. Cororaton and David Orden
More informationPROVINCE OF SASKATCHEWAN INVESTOR PRESENTATION
PROVINCE OF SASKATCHEWAN INVESTOR PRESENTATION May 2018 THE SASKATCHEWAN DIFFERENCE Economic Stability Diversified economy balances cyclicality of resources Growing population Majority government with
More informationDeficit Reduction and Economic Growth: Are They Mutually Exclusive Goals? Tuesday, May 1, 2012; 2:30 PM - 3:45 PM
Deficit Reduction and Economic Growth: Are They Mutually Exclusive Goals? Tuesday, May 1, 2012; 2:30 PM - 3:45 PM Moderator: Gillian Tett, U.S. Managing Editor, Financial Times Speakers: Jared Bernstein,
More informationNEW FEATURES OF THE INTIMO. PROGRESS REPORT
NEW FEATURES OF THE INTIMO. PROGRESS REPORT Maurizio Grassini Italy Summary The database The recovery of the identities Questions risen during the estimation of investment and labour productivity equations
More informationCanadian Teleconference: Can the Canadian Economy Survive the Turmoil in the United States?
Canadian Teleconference: Can the Canadian Economy Survive the Turmoil in the United States? Nigel Gault Chief U.S. Economist Dale Orr Canadian Macroeconomic Services Copyright 2008 Global Insight, Inc.
More informationCanada s economy on track for a solid 2018 although policy uncertainty lingers
Canada s economy on track for a solid 2018 although policy uncertainty lingers Dawn Desjardins (Deputy Chief Economist) (416) 974-6919 dawn.desjardins@rbc.com March 2018 Canada is facing a challenging
More informationQSPS Conference. May, 2013 Utah State University
QSPS Conference Ayşe Imrohoro¼glu May, 2013 Utah State University QSPS Conference Long-run Japanese Saving Rate 0.30 0.25 Japan 0.20 Saving Rate 0.15 0.10 U.S. 0.05 0.00 1956 1961 1966 1971 1976 1981 1986
More informationThe U.S. Economic Outlook
The U.S. Economic Outlook Presented to: Maquiladora Industry Outlook Conference September 29 2006 Presented by: Patrick Newport Principal, U.S. Macroeconomic Service 781-301-9125 patrick.newport@globalinsight.com
More informationBob Costello Chief Economist & Vice President American Trucking Associations. Economic & Motor Carrier Industry Update.
Bob Costello Chief Economist & Vice President American Trucking Associations Economic & Motor Carrier Industry Update February 26, 2013 The Worst Recession Since the Great Depression 0% Loss from Peak
More informationThe Eurozone integration, des-integration and possible future developments
The Eurozone integration, des-integration and possible future developments 18 th Monetary Policy Workshop at the Berlin School of Economcs and Law, 12 13 October 2017 Overview Position 1: The euro itself
More informationThe U. S. Economic Outlook: Robert J. Gordon
The U. S. Economic Outlook: Upside and Risks Robert J. Gordon Ottawa a Economics Association Ottawa, a, September 14, 2017 Immigration Medical Care My Policy Package: Be Like Canada d University Tuition
More informationGlobal economy s strong momentum intact despite elevated level of uncertainty. Canada headed for another year of solid growth
ECONOMICS I RESEARCH Global economy s strong momentum intact despite elevated level of uncertainty Canada headed for another year of solid growth Dawn Desjardins (Deputy Chief Economist) (416) 974-6919
More informationGreat Depressions of the Twentieth Century Project
Great Depressions of the Twentieth Century Project Timothy J. Kehoe and Edward C. Prescott www.greatdepressionsbook.com Cole and Ohanian, The Great Depression in the United States from a Neoclassical Perspective,
More informationFigure 1: Canadian Real Exports and Imports 1981Q1 2009Q2, Quarterly
Figure 1: Canadian Real Exports and Imports 1981Q1 2009Q2, Quarterly Exports and Imports (Millions of 2002 $) 100000 300000 500000 1981 1985 1989 1993 1997 2001 2005 2009 Exports Imports Exports and Imports
More informationRossana Merola ILO, Research Department
Raising tax revenues without harming equity and employment Rossana Merola ILO, Research Department G-24 Special Workshop on Growth and Reducing Inequality Geneva, 5 th - 6 th September 2017 The views expressed
More informationEFFECTS OF EXTENDING AND EXPANDING ENERGY-EFFICIENCY TAX DEDUCTION FOR COMMERCIAL BUILDINGS
EFFECTS OF EXTENDING AND EXPANDING ENERGY-EFFICIENCY TAX DEDUCTION FOR COMMERCIAL BUILDINGS Prepared by Regional Economic Models, Inc. (REMI) Agenda Overview of 179D tax provision Energy efficiency and
More informationThe Economic Outlook. Economic Policy Division
The Economic Outlook Economic Policy Division Glass Half Full Six plus years of moderate growth Real GDP Outlook Percent Change, Annual Rate 10 5 0-5 -10 1980 1985 1990 1995 2000 2005 2010 2015 Glass Half
More informationThe US Economic Outlook
IHS ECONOMICS US Outlook The US Economic Outlook November 2014 ihs.com Rafael Amiel, Director latin America Economics +1 215 789 7405, rafael.amiel.ihs.com 2014 IHS The US economy is gaining momentum Growth
More informationCOMMENTS ON THE INDUSTRIAL POLICY: THE CASE OF TURKEY
MINISTRY OF DEVELOPMENT, REPUBLIC OF TURKEY COMMENTS ON THE INDUSTRIAL POLICY: THE CASE OF TURKEY Umut GÜR Head of Department of Industry 10 May 2013 Panel on Industrial Policies, TEPAV, Ankara 1 1923
More information2019 Economic Outlook: Will the Recovery Ever End?
2019 Economic Outlook: Will the Recovery Ever End? Advantage Bank Place cover image here Richard Wobbekind Senior Economist and Associate Dean for Business and Government Relations November 15 th, 2018
More informationTHE LONG-TERM FORECAST FOR RUSSIAN ECONOMY UP TO 2030 (BY VARIANTS) GDP GDP. Moscow Institute of Economic Forecasting RAS
THE LONG-TERM FORECAST FOR RUSSIAN ECONOMY UP TO 2030 (BY VARIANTS) GDP GDP 1980 1990 1998 2010 20302 Moscow 2007 Logic of interaction of economic variables in complex of models IEF RAS INCOM OUTPUT RESOURCE
More informationTHE ECONOMIC CONTRIBUTION FROM HORSES
THE ECONOMIC CONTRIBUTION FROM HORSES ECONOMIC CONTRIBUTION FROM HORSES HIGHLIGHTS The horse industry contributes more than $19 billion annually to the Canadian economy On-farm activities with horses generate
More informationCBO s January Baseline Sets the Stage. CRFB.org
CBO s January Baseline Sets the Stage 1 Trillion-Dollar Deficits Are Returning $1,600 Billions $1,400 $1,200 $1,000 $800 Deficits Increased Almost 800% Deficits Fell 69% Deficits Triple to Nearly $1.4
More informationImpacts of Higher Energy Efficiency on Growth and Welfare Across Generations in Saudi Arabia
Impacts of Higher Energy Efficiency on Growth and Welfare Across Generations in Saudi Arabia Frédéric Gonand October 2016/KS-1657-DP051A 1 Acknowledgements This paper has been prepared as part of the joint
More informationForecast evaluation report Robert Chote Chairman
Forecast evaluation report 2017 Robert Chote Chairman Background to the FER The FER is an annual report looking at the performance of past EFO forecasts against the latest outturn data Rationale Accountability
More informationChief Economist s Report
Chief Economist s Report 22 February 2017 IATA Legal Symposium, Washington Brian Pearce Chief Economist, IATA Airline Industry Economics Advisory Workshop 2016 1 Themes 1. World economy still stuck on
More informationnipigon.net Township of Nipigon 2018 Community Profile
nipigon.net Township of Nipigon V 1.0 February 2018 2018 Nipigon nipigon.net nipigon.net Township of Nipigon nipigon.net Township of Nipigon nipigon.net Township of Nipigon nipigon.net Township of Nipigon
More informationO F C E N M JANUARY 1998
O F C E SIMULATION PROPERTIES OF MIMOSA, A MULTI-COUNTRY MACROECONOMIC MODEL N M-98-01 JANUARY 1998 HERVÉ LE BIHAN FRÉDÉRIC LERAIS * * The current version of the MIMOSA model was estimated by a CEPII-OFCE
More informationThe Australia US FTA: implications for international education
The Australia US FTA: implications for international education Prepared for The Path to Cultural Understanding and Development 18th IDP Australian International Education Conference, Sydney 5-8 October
More informationThe Global Economy: Sustaining Momentum
The Global Economy: Sustaining Momentum David J. Stockton Senior Fellow Peterson Institute for International Economics Chief Economist Monetary Policy Analytics October 5, 2017 What s Driving the Global
More informationThe Economic Outlook. Economic Policy Division
The Economic Outlook Economic Policy Division Glass Half Full Six years of steady growth Real GDP Outlook Percent Change, Annual Rate 10 5 0-5 -10 1980 1985 1990 1995 2000 2005 2010 2015 Glass Half Full
More informationEconomic Impact of Lobster Sector - Province of New Brunswick and Its Counties
Economic Impact of Lobster Sector - Province of New Brunswick and Its Counties Pierre-Marcel Desjardins Economist February 2007 Introduction This assessment seeks to quantify the economic impact of the
More informationRISI LATIN AMERICAN CONFERENCE. (São Paulo, 16 August 2016) The Latin American Economy: Some Successes, Many Disappointments
RISI LATIN AMERICAN CONFERENCE (São Paulo, 16 August 2016) The Latin American Economy: Some Successes, Many Disappointments Andrea Boltho Magdalen College University of Oxford and Oxford Economics GDP
More informationDr. Greg Hallman Director, Real Estate Finance and Investment Center (REFIC) McCombs School of Business University of Texas at Austin
Dr. Greg Hallman Director, Real Estate Finance and Investment Center (REFIC) McCombs School of Business University of Texas at Austin POWERPOINT PARTNER The US Economy today, with a close look at jobs
More informationThe U.S. Economy How Serious A Downturn? Nigel Gault Group Managing Director North American Macroeconomic Services
The U.S. Economy How Serious A Downturn? Nigel Gault Group Managing Director North American Macroeconomic Services Growth Is Cooling; But a Soft Landing Is Likely (Real GDP, annualized rate of growth)
More informationNormalising public finances in the Netherlands. OECD meeting of Senior Budget Officials Maaike Adema
Normalising public finances in the Netherlands OECD meeting of Senior Budget Officials Maaike Adema Contents Impact of the crisis Dutch response to the crisis Fundamental policy review Implementation challenges
More informationUS imports from emerging economies have grown rapidly
US imports from emerging economies have grown rapidly Ratio to GDP (current dollars) 0.07 US merchandise imports, 1978 2008 0.06 0.05 0.04 0.03 0.02 Industrial Non-OPEC other 0.01 0 OPEC = Organization
More informationAPPENDIX C. Systems Performance Report C-1
APPENDIX C Systems Performance Report C-1 System Performance Report & Requirements According to the FAST Act, a long range transportation plan needs to include a system performance report and subsequent
More informationU.S. Infrastructure Market: Will It Jump-Start the Economy? Scott Hazelton Director, Construction Advisory Services May 21, 2009
U.S. Infrastructure Market: Will It Jump-Start the Economy? Scott Hazelton Director, Construction Advisory Services May 21, 2009 Infrastructure Spending: Where Does it Go? Other Power, 6.9% 2008 Shares
More informationEconomic & Financial Market Outlook
Economic & Financial Market Outlook BC Pension Forum March 1, 2013 Chris Lawless, Chief Economist Overview Global forces Recent economic performance ~ US, Europe, Japan, China ~ Other emerging markets
More informationTHE FUTURE OF SALES TAX REVENUE
THE FUTURE OF SALES TAX REVENUE Presented by Adam Fulton, Senior Economic Associate The Outlook for Sales Taxes State governments rely on state sales taxes for more than a fifth of their revenue Economic
More informationRailroads and the Economy
Railroads and the Economy North East Association of Rail Shippers April 27, 2016 Railroads Help Keep Coal- Based Electricity A cynic is a man who, when he smells flowers, looks around for a coffin. -H.L.
More informationThe Impact of Spending Cuts on Road Quality
The Impact of Spending Cuts on Road Quality Nathaniel J. Harris December 7, 215 Executive Summary. Transportation infrastructure is critical because transportation infrastructure affects economic output.
More informationBig Changes, Unknown Impacts
Big Changes, Unknown Impacts Boulder Economic Forecast Place cover image here Richard Wobbekind Senior Economist and Associate Dean for Business and Government Relations January 17, 2018 Real GDP Growth
More informationU.S. and Colorado Economic Outlook National Association of Industrial and Office Parks. Business Research Division Leeds School of Business
U.S. and Colorado Economic Outlook National Association of Industrial and Office Parks Presented by the Business Research Division Leeds School of Business University of Colorado at Boulder U.S. Economic
More informationThe University of Georgia
The University of Georgia Center for Agribusiness and Economic Development College of Agricultural and Environmental Sciences Economic Impacts of Alabama Quail Hunting Prepared by: Archie Flanders and
More informationThe structure of the euro area recovery
The structure of the euro area recovery Rolf Strauch, Chief Economist JPMorgan Investor Seminar, IMF Annual Meetings Washington, October 2017 The euro area: a systemic player in global trade Trade openness
More informationIssues in the Long-Term Economic Outlook for Canada
Policy and Economic Analysis Program Rotman School of Management University of Toronto Issues in the Long-Term Economic Outlook for Canada Office of the Chief Actuary Canada Pension Plan Seminar September
More informationGovernor s Transportation Vision Panel
Office of Governor Kate Brown Governor s Transportation Vision Panel JLA Public Involvement Project Overview The is a yearlong effort to develop a series of recommendations for the Governor that address
More informationOil Crises and Climate Challenges 30 Years of Energy Use in IEA Countries
Crises and 30 Years of Energy Use in IEA Countries Fridtjof Unander, International Energy Agency ISED Meeting, UN, 13 September 2004 Aim of the Study Review of trends in energy use and CO 2 emissions since
More informationcolorado.edu/business/brd
colorado.edu/business/brd Big Changes, Unknown Impacts Southwest Business Forum Place cover image here Richard Wobbekind Senior Economist and Associate Dean for Business and Government Relations January
More informationUnited Nations Conference on Trade and Development. TRADE AND DEVELOPMENT BOARD (62nd session)
United Nations Conference on Trade and Development TRADE AND DEVELOPMENT BOARD (62nd session) Geneva, 14-25 September 2015 Item 6: Evolution of the international trading system and its trends from a development
More informationImpacts of the Global Economy on Asia Pacific Travel. 29 June 2007 John Walker
Impacts of the Global Economy on Asia Pacific Travel 29 June 2007 John Walker jwalker@oxfordeconomics.com Oxford Economics Founded in 1981 Over 300 clients including blue chip companies and government
More informationMore of the Same; Or now for Something Completely Different?
More of the Same; Or now for Something Completely Different? C2ER Place cover image here Richard Wobbekind Chief Economist and Associate Dean for Business and Government Relations June 14, 2017 Real GDP
More informationIndian Economy in Graphs. Arvind Panagariya Columbia University
Indian Economy in Graphs Growth in GDP and Per-capita GDP 9 8.3 8 7 6.7 6 5.8 5 4 3 2 4.1 2.2 3.2 4.6 2.2 3.7 1 0.8 0 Phase I (1951-64) Phase II (1965-81) Phase III (1981-88) Phase IV (1988-03) Phase V
More informationThe Economic Dimension Of Sport
The Economic Dimension Of Sport Dr. Anna Kleissner SportsEconAustria 14/09/2015 Presentation for the Committee on Culture and Education 1 Structure of the Presentation 1. Economic Definition of Sport 2.
More informationThe ABA Advantage: Economic Issues Update & ABA Resources
The ABA Advantage: Economic Issues Update & ABA Resources aba.com 1-800-BANKERS Meet the team Jim Chessen Chief Economist Curtis Dubay Senior Economist Brittany Kleinpaste Vice President of Economic Policy
More informationDe-Globalization: Does That Word Mean What You Think it Means?
De-Globalization: Does That Word Mean What You Think it Means? Presentation to 35 Annual Monetary & Trade Conference Mykyta Vesselovsky, Ph.D. Office of the Chief Economist Global Affairs Canada April
More informationThe U.S. Economic Outlook
The U.S. Economic Outlook Nigel Gault Chief U.S. Economist, IHS Global Insight FTA Revenue Estimation & Tax Research Conference Charleston, West Virginia October 17, 2011 What Has Happened to the Recovery?
More informationIntegration of Sustainable Development on Long Island s Coastal Industries 1
Integration of Sustainable Development on Long Island s Coastal Industries 1 Sheng Li, (lis@farmingdale.edu) Richard Vogel (vogelrm@farmingdale.edu) Nanda Viswanathan (nanda.viswanathan@farmingdale.edu)
More informationHow Much Wind Is in the Sails?
How Much Wind Is in the Sails? Erie Chamber of Commerce Place cover image here Richard Wobbekind Senior Economist and Associate Dean for Business and Government Relations September 20, 2017 Real GDP Growth
More informationGlobal air transport: developments and issues
Global air transport: developments and issues Brian Pearce, Chief Economist, IATA www.iata.org/economics 5 th July 2017, Antwerp Number of unique city-pairs US$/RTK in 2014US$ Airlines continue to connect
More informationWenlin Liu, Senior Economist. Stateof Wyoming. Economic Analysis Division State of Wyoming 1
WYOMING DEMOGRAPHIC AND ECONOMIC TREND LCCC LIFE Program April 7, 2012 Cheyenne, Wyoming Wenlin Liu, Senior Economist Economic Analysis Division Stateof Wyoming Economic Analysis Division State of Wyoming
More informationsector: recent developments VÍTOR CONSTÂNCIO
The economy and the banking sector: recent developments VÍTOR CONSTÂNCIO January 2006 Recent performance of the economy and prospects Factors behind the period of slow growth Challenges to the Banking
More informationAPPROVED OUTLAY AND EXPENDITURE ON ROAD TRANSPORT DURING XTH FIVE YEAR PLAN
APPROVED OUTLAY AND EXPENDITURE ON ROAD TRANSPORT DURING XTH FIVE YEAR PLAN ABSTRACT PRAVEEN SINGH CHAUHAN, *DR. SATYAPAL *Associate Professor, Deptt. Of Management. & Commerce,Govt. P.G. College, Narnaul
More informationGlobal trade: how does it look?
Edmonton, December 2018 Global trade: how does it look? Marie-France Paquet The Office of the Chief Economist Global Affairs Canada Overview 1. Canadian economy at a glance 2. Provincial economy at a glance
More informationCOOPERATIVE EXTENSION Bringing the University to You
COOPERATIVE EXTENSION Bringing the University to You Special Publication - 06-16 ECONOMIC IMPACT OF TOURISM ON COLORADO RIVER COMMUNITIES INCLUDING: LAUGHLIN BULLHEAD CITY FORT MOHAVE MOHAVE VALLEY GOLDEN
More informationEconomics of Highway Spending and Traffic Congestion. Todd Litman Victoria Transport Policy Institute Presented Strong Towns Webinar 3 February 2016
Economics of Highway Spending and Traffic Congestion Todd Litman Victoria Transport Policy Institute Presented Strong Towns Webinar 3 February 2016 Motor Vehicle Travel is Peaking Annual Vehicle Mileage
More informationTrade War and Missed Trade Opportunities
Trade War and Missed Trade Opportunities Minghao Li Postdoctoral Research Associate minghao@iastate.edu, 515-294-6175 Farmland Owner Workshop Altoona, Iowa, February 15, 2019 A Quick Introduction: Dr.
More informationROLE OF COPPER IN CHILEAN ECONOMY
ROLE OF COPPER IN CHILEAN ECONOMY Patricio Meller, Bernardo Lara & Gonzalo Valdés January 2010 1 Basic Data: Chile 2009 Population (millions) 17 Yn/cap (US$ PPP) 14,299 GDP (billions US$) 243 Territory
More informationA comment on recent events, and...
A comment on recent events, and... where we are in the current economic cycle November 15, 2016 Mark Schniepp Director Likely Trump Policies $4 to $5 Trillion in tax cuts over 10 years to corporations,
More informationLawrence J. Lau 刘遵义. CSIS Forum Washington, D.C., 22nd May 2013
U.S.-China Economic Relations in the Next Ten Years: Towards Deeper Engagement and Mutual Benefit Lawrence J. Lau 刘遵义 Ralph and Claire Landau Professor of Economics, The Chinese Univ. of Hong Kong and
More informationGlobal economy maintaining solid growth momentum. Canada leading the pack
Global economy maintaining solid growth momentum Canada leading the pack Dawn Desjardins (Deputy Chief Economist) (416) 974-6919 dawn.desjardins@rbc.com September 2017 Brighter global outlook gains traction
More informationThe Changing Global Economy Impacts on Seaports and Trade Dr. Walter Kemmsies
The Changing Global Economy Impacts on Seaports and Trade Dr. Walter Kemmsies Chief Economist, PAGI Group, JLL (Port, Airport & Global Infrastructure) Agenda Where are we in the cycle? What are the barriers
More informationThe data inputs and assumptions underlying this Reference Case are described in the Assumptions Book.
MEMORANDUM To: From: Caroline Garber, Chief, Environmental Studies Section, WI DNR Kris Krause, Co-Chair, GWTF Technical Advisory Committee George Edgar, Co-Chair, GWTF Technical Advisory Committee Glen
More informationThe 2010 Economic Contribution of Tourism to the Meadowlands Liberty Region
The 2010 Economic Contribution of Tourism to the Meadowlands Liberty Region Key Metrics & Evaluation 93 MAIN STREET :: ANNAPOLIS, MD 21401 WWW.VANTAGESTRATEGY.COM :: 202-449- 9708 1 Vantage Strategy ::.
More informationKANISA RUNGJANG UW - Madison
Port cost comparisons and productivity from public funding: Port of Milwaukee and Port of Green Bay KANISA RUNGJANG UW - Madison National Center for Freight & Infrastructure Research & Education Port cost
More informationR. M. Nureev, E. V. Markin OLYMPIC GAMES ECONOMICS
R. M. Nureev, E. V. Markin OLYMPIC GAMES ECONOMICS Moscow, 2015 1 Public Business SUMMARY The role of sports mega events for economic and political life of the nations are strongly increased. It presents
More informationEconomic Outlook: fear over fundamentals
ECONOMICS I RESEARCH Economic Outlook: fear over fundamentals April 2016 Craig Wright (SVP & Chief Economist) (416) 974-7457 craig.wright@rbc.com Volatility index Market volatility index, (VIX) 90 80 70
More informationAssessing Australia s Innovative Capacity in the 21 st Century
Assessing Australia s Innovative Capacity in the 21 st Century Professor Joshua Gans MBS & IPRIA University of Melbourne November, 2003 This presentation is based on the National Innovative Capacity Project,
More informationSUSTAINABLE TRAVEL TOWNS: RESULTS AND LESSONS
SUSTAINABLE TRAVEL TOWNS: RESULTS AND LESSONS Joe Finlay Sustainable Travel Team Department for Transport (UK) Introduction I will: Give brief background on the Sustainable Travel Towns and the projects
More informationEconomic Outlook March Economic Policy Division
Economic Outlook March 212 Economic Policy Division Real GDP Outlook Percent Change, Annual Rate 2 1 1 - -1 197 197 198 198 199 199 2 2 21 U.S. GDP Actual and Potential Quarterly, Q1 197 to Q4 211 Real
More informationOutlook for growth, traffic and airline profits
Outlook for growth, traffic and airline profits Brian Pearce, Chief Economist, IATA www.iata.org/economics Airline Industry Economics Advisory Workshop 2016 1 50 = no change in output expected Widespread
More informationBC Pension Forum. Economic Outlook. Presented by: Ben Homsy, CFA Portfolio Manager
BC Pension Forum Economic Outlook Presented by: Ben Homsy, CFA Portfolio Manager 1694 1704 1713 1723 1732 1741 1751 1760 1770 1779 1788 1798 1807 1817 1826 1836 1845 1854 1864 1873 1883 1892 1901 1911
More informationGovernment finances A long term assessment. Presented by Edwina Matos Pereira
Government finances A long term assessment Presented by Edwina Matos Pereira Walter Mosher June 22, 2010 Structure 1. Aruba s current fiscal landscape 2. Long term outlook & scenarios 3. Aruba s GDP volatility
More informationBig Blue Adventure Event Analysis UTC Tourism Center October 2016
A report summarizing Big Blue Adventure events economic impact on the Lake Tahoe region as well as participants assessments of their event experience Big Blue Adventure Event Analysis UTC Tourism Center
More informationPrivate-Public Partnership. Presentation to Metropolitan Council October 2, 2017
Private-Public Partnership Presentation to Metropolitan Council October 2, 2017 THE FAIRGROUNDS NASHVILLE 160 unique events annually drawing more than 1.4 million attendees Christmas Village 2 FAIRGROUNDS
More informationColorado Economic Update
Colorado Economic Update Steamboat Economic Summit Place cover image here Brian Lewandowski Associate Director, Business Research Division October 21, 2016 Recession 8 Months Recession 18 Months Real GDP
More informationAirlines, the economy and air transport demand
Airlines, the economy and air transport demand Brian Pearce, Chief Economist, IATA www.iata.org/economics Airline Industry Economics Advisory Workshop 2016 1 Returns for airlines investors lower this year;
More informationwww.colorado.edu/leeds/brd CAREER ADVANCING DEGREES FROM LEEDS EVENING MBA PROGRAM FOR WORKING PROFESSIONALS #1 PART-TIME MBA Program in Colorado according to U.S. News & World Report Engage in a collaborative
More informationAs Good as it Gets. The Aging Expansion Powers On... but for How Much Longer? Andrew J. Nelson Chief Economist USA, Colliers International
As Good as it Gets The Aging Expansion Powers On... but for How Much Longer? Andrew J. Nelson Chief Economist USA, Colliers International #NMHCstudent @ApartmentWire Ten Years After: A Full if Imperfect
More informationGCE AS/A level 1131/01 ECONOMICS EC1
Surname Other Names Centre Number 2 Candidate Number GCE AS/A level 1131/01 ECONOMICS EC1 A.M. MONDAY, 13 May 2013 1 hour For s use Maximum Question Mark 1 3 2 10 3 4 4 4 5 3 6 10 7 8 8 8 Total 50 Mark
More informationPost-Bubble Global Trends. AAPA Webinar. February 18, Dr. Walter Kemmsies, Chief Economist Moffatt & Nichol Commercial Analysis Group
Post-Bubble Global Trends AAPA Webinar February 18, 2009 Dr. Walter Kemmsies, Chief Economist Moffatt & Nichol Commercial Analysis Group Takeaways The world economy is circling the drain World is wealthier
More informationUnbacked Fiscal Expansion: 1933 America & Contemporary Japan
Unbacked Fiscal Expansion: 1933 America & Contemporary Japan Eric M. Leeper Indiana University February 2017 What I ll Do Illustrate Roosevelt s 1933 recovery efforts differentiate between unbacked and
More information