TY - JOUR AU - Anantsuksomsri, Sutee AU - Tontisirin, Nij PY - 2014/12/29 Y2 - 2024/03/28 TI - Distributional Impact of University-Led Revitalization on the Neighborhood Economy: A Computable General Equilbrium Model of a Small Urban Area JF - International Journal of Building, Urban, Interior and Landscape Technology (BUILT) JA - BUILT VL - 4 IS - SE - Research Article DO - UR - https://ph02.tci-thaijo.org/index.php/BUILT/article/view/170253 SP - 5-24 AB - <div><div>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 analysis—a method widely-used in an economic impact study—assumes 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.</div></div> ER -