The Role of Defense Cuts in the California Recession: Computable General Equilibrium Models and Interstate Factor Mobility

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dc.creatorHoffman, Sandra
dc.creatorRobinson, Sherman
dc.creatorSubramanian, Shankar
dc.date2017-04-01T19:41:26Z
dc.date.accessioned2026-07-09T09:04:40Z
dc.descriptionThis study develops a computable general equilibrium (CGE) model to examine the impact of recent defense cuts on California's economy. The study demonstrates use of a CGE model to examine the sensitivity of regional economy models to assumptions about factor migration. The results show that California is indeed sensitive to defense cuts, but that the perceptions of workers and producers about the permanency of the cuts and about other future opportunities in the state economy significantly affect gross state product (GSP) multipliers. Depending on how these perceptions affect factor migration, GSP multipliers can be expected to range from 1 to almost 5.
dc.identifierdoi:10.22004/ag.econ.201475
dc.identifierhttps://ageconsearch.umn.edu/record/201475/files/agecon-cal-741.pdf
dc.identifierhttp://ageconsearch.umn.edu/record/201475
dc.identifier.urihttp://hdl.handle.net/123456789/605504
dc.languageeng
dc.publisher
dc.sourcehttp://ageconsearch.umn.edu/record/201475
dc.titleThe Role of Defense Cuts in the California Recession: Computable General Equilibrium Models and Interstate Factor Mobility
dc.typeText

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