The New Generation of Computable General Equilibrium Models

The New Generation of Computable General Equilibrium Models PDF Author: Federico Perali
Publisher: Springer
ISBN: 3319585339
Category : Business & Economics
Languages : en
Pages : 342

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Book Description
This book covers some important topics in the construction of computable general equilibrium (CGE) models and examines use of these models for the analysis of economic policies, their properties, and their implications. Readers will find explanation and discussion of the theoretical structure and practical application of several model typologies, including dynamic, stochastic, micro-macro, and simulation models, as well as different closure rules and policy experiments. The presentation of applications to various country and problem-specific case studies serves to provide an informed and clearly articulated summary of the state of the art and the most important methodological advancements in the field of policy modeling within the framework of general equilibrium analysis. The book is an outcome of a recent workshop of the Italian Development Economists Association attended by a group of leading practitioners involved in the generation of CGE models and research on modeling the economy and policy making. It will be of interest to researchers, professional economists, graduate students, and knowledgeable policy makers.

The New Generation of Computable General Equilibrium Models

The New Generation of Computable General Equilibrium Models PDF Author: Federico Perali
Publisher: Springer
ISBN: 3319585339
Category : Business & Economics
Languages : en
Pages : 342

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Book Description
This book covers some important topics in the construction of computable general equilibrium (CGE) models and examines use of these models for the analysis of economic policies, their properties, and their implications. Readers will find explanation and discussion of the theoretical structure and practical application of several model typologies, including dynamic, stochastic, micro-macro, and simulation models, as well as different closure rules and policy experiments. The presentation of applications to various country and problem-specific case studies serves to provide an informed and clearly articulated summary of the state of the art and the most important methodological advancements in the field of policy modeling within the framework of general equilibrium analysis. The book is an outcome of a recent workshop of the Italian Development Economists Association attended by a group of leading practitioners involved in the generation of CGE models and research on modeling the economy and policy making. It will be of interest to researchers, professional economists, graduate students, and knowledgeable policy makers.

Introduction to Computable General Equilibrium Models

Introduction to Computable General Equilibrium Models PDF Author: Mary E. Burfisher
Publisher: Cambridge University Press
ISBN: 1107132207
Category : Business & Economics
Languages : en
Pages : 443

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Book Description
The book provides a hands-on introduction to computable general equilibrium (CGE) models, written at an accessible, undergraduate level.

Introduction to Computable General Equilibrium Models

Introduction to Computable General Equilibrium Models PDF Author: Mary E. Burfisher
Publisher: Cambridge University Press
ISBN: 1108805671
Category : Business & Economics
Languages : en
Pages : 499

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Book Description
Computable general equilibrium (CGE) models play an important role in supporting public-policy making on such issues as trade, climate change and taxation. This significantly revised volume, keeping pace with the next-generation standard CGE model, is the only undergraduate-level introduction of its kind. The volume utilizes a graphical approach to explain the economic theory underlying a CGE model, and provides results from simple, small-scale CGE models to illustrate the links between theory and model outcomes. Its eleven hands-on exercises introduce modelling techniques that are applied to real-world economic problems. Students learn how to integrate their separate fields of economic study into a comprehensive, general equilibrium perspective as they develop their skills as producers or consumers of CGE-based analysis.

Dynamic General Equilibrium Modeling

Dynamic General Equilibrium Modeling PDF Author: Burkhard Heer
Publisher: Springer Science & Business Media
ISBN: 3540856846
Category : Business & Economics
Languages : en
Pages : 719

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Book Description
Modern business cycle theory and growth theory uses stochastic dynamic general equilibrium models. In order to solve these models, economists need to use many mathematical tools. This book presents various methods in order to compute the dynamics of general equilibrium models. In part I, the representative-agent stochastic growth model is solved with the help of value function iteration, linear and linear quadratic approximation methods, parameterised expectations and projection methods. In order to apply these methods, fundamentals from numerical analysis are reviewed in detail. In particular, the book discusses issues that are often neglected in existing work on computational methods, e.g. how to find a good initial value. In part II, the authors discuss methods in order to solve heterogeneous-agent economies. In such economies, the distribution of the individual state variables is endogenous. This part of the book also serves as an introduction to the modern theory of distribution economics. Applications include the dynamics of the income distribution over the business cycle or the overlapping-generations model. In an accompanying home page to this book, computer codes to all applications can be downloaded.

Sustainability in the Twenty-First Century

Sustainability in the Twenty-First Century PDF Author: Mohan Munasinghe
Publisher: Cambridge University Press
ISBN: 1108404154
Category : Business & Economics
Languages : en
Pages : 689

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Book Description
Provides a rigorous analysis of sustainable development that includes practical, policy-relevant, global case studies, explained concisely and clearly.

Handbook of Computable General Equilibrium Modeling

Handbook of Computable General Equilibrium Modeling PDF Author: Peter B. Dixon
Publisher: Newnes
ISBN: 0444536353
Category : Business & Economics
Languages : en
Pages : 1143

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Book Description
In this collection of 17 articles, top scholars synthesize and analyze scholarship on this widely used tool of policy analysis, setting forth its accomplishments, difficulties, and means of implementation. Though CGE modeling does not play a prominent role in top US graduate schools, it is employed universally in the development of economic policy. This collection is particularly important because it presents a history of modeling applications and examines competing points of view. Presents coherent summaries of CGE theories that inform major model types Covers the construction of CGE databases, model solving, and computer-assisted interpretation of results Shows how CGE modeling has made a contribution to economic policy

Theory And Programming Of Computable General Equilibrium (Cge) Models: A Textbook For Beginners

Theory And Programming Of Computable General Equilibrium (Cge) Models: A Textbook For Beginners PDF Author: Gene H Chang
Publisher: World Scientific
ISBN: 9811238995
Category : Business & Economics
Languages : en
Pages : 443

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Book Description
This book adopts a typical textbook approach and format for CGE beginners to learn and master the subject. It explains the economics theory behind the CGE models. The learning proceeds step by step from basic economic theories to advanced topics, from simple to more comprehensive CGE structures along with the corresponding computer programs. Each chapter reviews relevant economic theories; illustrates new material with examples, diagrams and exercises; and provides the mathematical models along with the GAMS computer programing codes. At the end of a chapter, exercises are assigned for practice and enhancing understanding.

The Oxford Handbook of Computational Economics and Finance

The Oxford Handbook of Computational Economics and Finance PDF Author: Shu-Heng Chen
Publisher: Oxford University Press
ISBN: 0190877502
Category : Business & Economics
Languages : en
Pages : 784

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Book Description
The Oxford Handbook of Computational Economics and Finance provides a survey of both the foundations of and recent advances in the frontiers of analysis and action. It is both historically and interdisciplinarily rich and also tightly connected to the rise of digital society. It begins with the conventional view of computational economics, including recent algorithmic development in computing rational expectations, volatility, and general equilibrium. It then moves from traditional computing in economics and finance to recent developments in natural computing, including applications of nature-inspired intelligence, genetic programming, swarm intelligence, and fuzzy logic. Also examined are recent developments of network and agent-based computing in economics. How these approaches are applied is examined in chapters on such subjects as trading robots and automated markets. The last part deals with the epistemology of simulation in its trinity form with the integration of simulation, computation, and dynamics. Distinctive is the focus on natural computationalism and the examination of the implications of intelligent machines for the future of computational economics and finance. Not merely individual robots, but whole integrated systems are extending their "immigration" to the world of Homo sapiens, or symbiogenesis.

Textbook of Computable General Equilibrium Modeling

Textbook of Computable General Equilibrium Modeling PDF Author: Nobuhiro Hosoe
Publisher: Springer
ISBN: 0230281656
Category : Business & Economics
Languages : en
Pages : 255

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Book Description
The book provides a comprehensive A-to-Z guide for computable general equilibrium (CGE) models, which can analyze various economic issues empirically. CGE Models been widely used for investigating the impacts of economic integration, eco-taxes on environmental problems, regulatory reforms, taxation reforms and transportation system planning.

Policy Evaluation with Computable General Equilibrium Models

Policy Evaluation with Computable General Equilibrium Models PDF Author: Amedeo Fossati
Publisher: Psychology Press
ISBN: 9780415256711
Category : Business & Economics
Languages : en
Pages : 396

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Book Description
Computable General Equilibrium (CGE) modelling is a relatively new field in economics, however, it is rapidly becoming one of the most useful tools for policy evaluation. This book applies CGE modelling to some of the most urgent international economic policy problems, including the Kyoto Protocol, pension reform, and income taxation, and also analyses the methodological issues that arise.