Computable General Equilibrium Analysis of Mega Events: Where Are We Standing?by Jérôme Massiani

ABSTRACT

Mega events are perceived as an opportunity to foster regional development. Yet many impact assessment methods routinely used to inform the policy maker exhibit strong limitations. The most influential method, IO appears based on discussible implicit assumptions like the assumed additionality of the financial flows related to the event, or the lack of constraints on resources. In this context, CGE methods experience a growing popularity in the evaluation of mega event impacts.
In this paper, we present a systematic and critical review of more than 30 papers in the field. We examine the main conceptual issues of these papers. Our analysis suggests an excessive reliance of practitioners on habits deeply rooted in the CGE community and that more consideration of the specific features of mega events is necessary, if one wants CGE results to provide useful guidance to policy making in this area.

MASSIANI JÉRÔME

Researcher Ca’ Foscari University, Department of Economics.
He has started as a consultant in Dutch and French consultancies for economic forecast and programming. He then achieved a PhD in the field of economic evaluation applied to transports. He has participated to various research projects in Germany (Berlin) and Italy (Universities of Bergamo, Trieste and Venice). In the latest years, he has directed its research on the field of environmental economics, evaluation and tourism. Recently he has achieved various studies on the impact of mega events.