Award Contract for The Provision of Economic Modelling Licences

The development of a Computable General Equilibrium (CGE) model to model the wider economic impacts of a major rail scheme such as HS2 started last year, it was a collaboration between the Department for Transport and Department for Business and Trade (DBT). One of the Major Rail Projects Group analysts was seconded to DBT for one year and worked closely with the Macro Analysis and Modelling (MAM) team to build the CGE model for transport. MAM use GAMS software for modelling the economic impact of free trade agreem...