Growing a Developing City : A Computable Spatial General Equilibrium Model Applied to Dhaka
As one of world's fastest growing cities, Dhaka faces acute challenges in housing its growing population and developing a more productive economy. Central to this is the scarcity of high-quality urban land. Yet a vast tract of land near the he...
| Main Authors: | , |
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| Format: | Working Paper |
| Language: | English |
| Published: |
World Bank, Washington, DC
2019
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/466991551451316591/Growing-a-Developing-City-A-Computable-Spatial-General-Equilibrium-Model-Applied-to-Dhaka http://hdl.handle.net/10986/31339 |
| Summary: | As one of world's fastest growing
cities, Dhaka faces acute challenges in housing its growing
population and developing a more productive economy. Central
to this is the scarcity of high-quality urban land. Yet a
vast tract of land near the heart of the city, East Dhaka,
currently remains predominantly agricultural and undeveloped
as a consequence of flooding. This paper uses a computable
spatial general equilibrium model that captures the economic
geography of the city, to estimate the economic returns of
coordinated action to develop this land. The model captures
different productive sectors, household skill levels, and
types of housing. Firms and residents choose their location
within the city given the transport network and land
availability, generating a pattern of commercial and
residential land-use. The paper estimates the incremental
impacts on income, employment and population of an
embankment and other flood protection measures to protect
this land, as well as from improvement in transport
infrastructure and targeted support for economic development
in East Dhaka. |
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