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Distributional Impact of University-Led Revitalization on the Neighborhood Economy: A Computable General Equilbrium Model of a Small Urban Area |
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| รหัสดีโอไอ | |
| Creator | 1. Sutee Anantsuksomsria 2. Nij Tontisirin |
| Title | Distributional Impact of University-Led Revitalization on the Neighborhood Economy: A Computable General Equilbrium Model of a Small Urban Area |
| Publisher | G.B.P. Center Co.,Ltd. |
| Publication Year | 2557 |
| Journal Title | International Journal of Building, Urban, Interior and Landscape Technology |
| Journal Vol. | 4 |
| Page no. | 5-22 |
| Keyword | Economic impacts,College town revitalization,CGE |
| ISSN | 2228-9194 |
| Abstract | This paper assesses the economic impact of Cornell University on Tompkins County, New York, focusing on the impact of the investment on the new mixed-used development in Collegetown revitalization project. This study is one of the first attempts to study the economic impact of a university using a Computable General Equilibrium (CGE) model, which is an extension of an input-output model. In general, Social Accounting Matrix (SAM) multiplier analysisa method widely-used in an economic impact studyassumes exogenous prices, excess production capacity, and no substitution parameters or feed-back effects. Thus, the economic impacts from SAM are likely to be overestimated and always positive. In addition, the assumption of increasing-returns-to-scale is incorporated into the framework of a small-area CGE model. This extension of the model allows for a more realistic representation of the imperfect competition in the economic simulation, which can be used as one of planning support tools. |
