Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/142563
Authors: 
Ivanova, Olga
Kancs, d'Artis
Stelder, Dirk
Year of Publication: 
2009
Series/Report no.: 
EERI Research Paper Series 31/2009
Abstract: 
The present paper studies the modelling of inter-regional trade flows in the newly developed general equilibrium model of European Commission, Rhomolo. In contrast to international trade, usually, trade of goods and services between regions is not recorded statistically. As a result, no statistical data exists for inter-regional trade, which could be readily used for modelling purposes. We propose an augmented entropy approach, which combines the Transtools model’s inter-regional trade and inter-regional transport cost data with data from regional and national statistics to obtain a full set of balanced bilateral trade data for all inter-regional transactions.
Subjects: 
Inter-regional trade
general equilibrium
trade costs
entropy
economic geography spatial equilibrium
DSGE
JEL: 
C68
F10
F15
F17
R11
R41
Document Type: 
Working Paper

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