The TERM model and its database

Jonathan Mark Horridge

    Research output: Chapter in Book/Report/Conference proceedingChapter (Book)Other


    TERM (The Enormous Regional Model) provides a strategy for creating a bottom-up multi-regional CGE model which treats each region of a single country as a separate economy. This makes it a useful tool for examining the regional impacts of shocks that may be region specific. TERM is designed to allow quick simulations with many regions, so allowing for models of large countries with 30?50 provinces, such as USA or China. TERM also offers a standard procedure for preparing a database which requires, in addition to a national input-output or use supply table, a minimal amount of regional data. More regional data can be used if available.
    Original languageEnglish
    Title of host publicationPractical policy analysis using TERM
    EditorsGlyn Wittwer
    Place of PublicationDordrecht Netherlands
    Pages13 - 35
    Number of pages23
    ISBN (Print)9789400728752
    Publication statusPublished - 2012

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