Macroeconomic Imbalances: A Multiregional General Equilibrium Analysis
构建了一个多区域可计算一般均衡模型，分析联邦预算和贸易赤字对区域和部门的影响，发现传统部门（如农业、纺织业）调整负担更重，且国家政策可能改变产出的地理分布。
Abstract This article analyzes regional and sectoral consequences of recent federal budget and trade deficits. A multiregional computable general equilibrium (MCGE) model is developed in which regions differ in technology, factor endowments, tax rates, government expenditure patterns, and trade relationships. An application to Virginia and the rest‐of‐the‐United States indicates that traditional sectors (agriculture, forestry, basic wood products, mining, textiles, and apparel) bear a greater burden of adjustment to macroeconomic imbalances than do other sectors. The analysis demonstrates that seemingly aspatial national policies may shift the geographic distribution of national output and income.