computable general equilibrium models
Essays in applied public economics using computable general equilibrium models
... Applied general equilibrium models have been developed to analyse different issues within water management (see Dixon, 1990; Berck et al., 1991; Seung et al., 2000; Diao et al., 2008). Diao and Roe ...
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Regional disaster impact analysis: comparing input–output and computable general equilibrium models
... As identified in Sect. 2, an important characteristic which significantly influences the potential total losses is the du- ration of the recovery period and the type of recovery path. Figure 2 shows three possible paths: ...
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Forward looking versus myopic regional computable general equilibrium models : how significant is the distinction?
... forward-looking models (LR: FL1≡MYP1 and ...forward-looking models given that the transversality condition is satisfied, consequently eliminating divergences between current income and current ...
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Forward Looking and Myopic Regional Computable General Equilibrium Models. How Significant is the Distinction?
... In this formulation, as described in equation (3) and (4), the balance of payments still clears and we do not need to impose any balance of payments adjustment because the total absorption equation is sufficient to ...
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Incorporating natural capital into a computable general equilibrium model for Scotland
... within computable general equilibrium models. The general approach has been illustrated through the specific example of agricultural biomass ecosystem service flows as an input into ...
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IMPACTS OF FOREIGN SAVINGS INFLOWS ON THE PALESTINIAN ECONOMY: A CGE ANALYSIS
... institutions. Computable general equilibrium models are specified in a set of mathematical equations that define the behavior of the different ...account). Computable general ...
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The Reconciliation of Computable General Equilibrium and Macroeconomic Modelling: Grounds for Hope?
... In the actual models, however, some of the government bonds are held by foreigners. This changes the results somewhat, causing the drop in government debt to have an effect on the economy. The key fact is that ...
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Economic Impacts of the Vale Cultura (Culture Voucher): A Computable General Equilibrium Model
... Economic literature frequently uses CGE models in simulations of the impact of public policies. In Brazil, for example, we have studies on impact of Minha Casa Minha Vida (a federal housing funding program for low ...
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PHILGEM: A SAM-based Computable General Equilibrium Model of the Philippines
... It should be emphasized that, particularly in a more complex model, many closures might be used for different purposes. There is not a unique natural or correct closure. On the other hand, every sensible closure must ...
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Resilience in a behavioural/Keynesian regional computable general equilibrium model
... the models is always the same: the perfect foresight model produces the lowest cumulative reductions in GDP, followed by the myopic partial adjustment and then imperfect foresight ...foresight models are ...
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Accession to the WTO Computable General Equilibrium Analysis: the Case of Ukraine
... language General Algebraic Modelling System as a system of non-linear equations with explicit specification of functions and calibration of ...Applied General Equilibrium models are written in ...
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The oil position in the Tunisian economy: Adaptation of computable general equilibrium model
... dynamic models the reallocation of the investment products cannot be disregarded, because the sector which receives these products increases its capital stock and even its production potential in the future ...
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Incorporating Sustainability Indicators into a Computable General Equilibrium Model of the Scottish Economy
... CGE models: the GREEN model (Burniaux et al, 1992), the Carbon Rights Trade Model, or CRTM (Rutherford, 1992), and the Whalley-Wigle Model (Whalley and Wigle, ...global models, although the latter, of ...
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Environmental tax reforms in Switzerland a computable general Equilibrium impact analysis
... without reform. The main virtue of the CGE approach is its comprehensive rep- resentation of price-dependent market interactions based on rigorous microeco- nomic theory. The simultaneous explanation of the origin and ...
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Integrating a Global Supply Chain Model With a Computable General Equilibrium Model
... CGE models can be ...CGE models is that the value of sales of each commodity produced in each region is equal to costs in the producing ...CGE models is that they are a system of equations that drive ...
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Factor Markets in General Computable Equilibrium Models. Factor Markets Working Document No. 47, May 2013
... Applied GeNeral Equilibrium Tool (MAGNET, formerly LEITAP) is a global computable general equilibrium model that covers the whole world economy including factor ...other models ...
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Accession to the WTO Computable General Equilibrium Analysis: the Case of Ukraine Part I
... CGE models use calibration in order to determine ...a general equilibrium model with stochastically specified ...econometric models incorporate stochastic disturbances in order to capture the ...
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Trade Facilitation—Measurement Difficulties in the Computable General Equilibrium Model: A Review
... sidered. Another important finding of our review is that incorporating the ag- gregated costs to the economy of TF implementation into the CGE model has not yet been investigated. CGE modelers point out the lack of ...
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A Computable General Equilibrium Model of International Sanctions
... economic models to estimate the welfare losses imposed by economic sanctions on different economic agents and households in sanctioned ...in general, on the government of Iran and on households of differ- ...
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The demographic challenge facing Scottish HEIs: a computable general equilibrium analysis
... the impact of human capital on growth. Both areas have been recently reviewed: e.g. Psacharopoulos and Patrinos, 2004 on returns; Stevens and Weale, 2004, and McMahon, 2004 on growth models. The key issues here ...
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