Introduction to Computable General Equilibrium Models PDF Download
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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.
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.
Author: Mary E. Burfisher
Publisher: Cambridge University Press
ISBN: 113949659X
Category : Business & Economics
Languages : en
Pages : 367
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Book Description
Computable general equilibrium (CGE) models are widely used by governmental organizations and academic institutions to analyze the economy-wide effects of events such as climate change, tax policies and immigration. This book provides a practical, how-to guide to CGE models suitable for use at the undergraduate college level. Its introductory level distinguishes it from other available books and articles on CGE models. The book provides intuitive and graphical explanations of the economic theory that underlies a CGE model and includes many examples and hands-on modeling exercises. It may be used in courses on economics principles, microeconomics, macroeconomics, public finance, environmental economics and international trade and finance, because it shows students the role of theory in a realistic model of an economy. The book is also suitable for courses on general equilibrium models and research methods and for professionals interested in learning how to use CGE models.
Author: Peter B. Dixon
Publisher: Springer
ISBN: 9811083258
Category : Business & Economics
Languages : en
Pages : 194
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Book Description
This book is for people who want to understand modern trade theory, particularly the Melitz model. It lays out Melitz theory from first principles and relates it to earlier theories of Armington and Krugman. For trade theory specialists, the book produces some significant conclusions. It identifies conditions under which Krugman and Melitz models produce essentially the same results for the welfare effects of trade liberalization as those obtained from Armington, and conditions under which this is not true. These findings will be of interest to academics and policy advisors who need to understand critiques of Armington by proponents of Krugman and Melitz. For computable general equilibrium (CGE) modelers, the book shows how Melitz-style CGE models can be calibrated, solved and interpreted. A major practical contribution of the book is to show how large-scale Armington models such as GTAP can be converted to Melitz by the addition of a small number of equations and minimal alteration of the original Armington model. The book describes computational experience in solving Melitz CGE models using GEMPACK software. This experience will be of interest to researchers currently attempting to solve Melitz-based CGE models. Almost all previous Melitz studies have used GAMS software. Authors of these studies have reported computational difficulties. These difficulties did not occur in this book’s GEMPACK-based computations. The book concludes that: (a) CGE modelers can embrace Melitz while retaining their Armington-based models as powerful interpretive devices; and (b) via GEMPACK, large-scale CGE models incorporating Melitz specifications can be solved with no more difficulty than similar-dimensioned Armington models.
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.
Author: John Gilbert
Publisher: World Scientific Publishing Company
ISBN: 9814401625
Category : Business & Economics
Languages : en
Pages : 320
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Book Description
This volume provides a practical guide to building and using simulation models for international trade theory and policy. Through a sequence of carefully constructed and fully documented programs, the volume illustrates how numerical simulation can be used to analyze a wide array of problems. Modern computable general equilibrium (CGE) models for trade policy are challenging in their complexity, but can be thought of as constructions of much simpler building blocks. By developing the building blocks in a consistent manner, and gradually putting them together in more complex and interesting ways, the volume makes CGE accessible to anyone with a background in microeconomics/trade theory. The volume will be useful to graduate students and researchers in international trade looking for a detailed guide to building simulation models and to developing the skill set necessary to enter into the world of CGE modeling.
Author: Gene H. Chang
Publisher: World Scientific Publishing Company
ISBN: 9789811238970
Category : Business & Economics
Languages : en
Pages : 400
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Book Description
Input-output models and tables -- Prices in input-output tables and models -- SAM (social accounting matrices) tables -- Balancing SAM tables -- General equilibrium theory and its application -- Supply and demand functions of enterprises -- CGE models with non-linear production functions -- Utility functions and household demand -- Price numeraire and macro closures -- Government, taxes and prices -- Savings and investment -- Activities, trade and transport margins -- CGE models in open economies -- Complexities in data and modeling -- Subaccounts and subprograms -- Assessing outcomes and refining the model -- Limitations and extensions of the standard CGE model.
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.
Author: Amedeo Fossati
Publisher: Routledge
ISBN: 1134518803
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.
Author: Jaime De Melo
Publisher: World Bank Publications
ISBN:
Category : Commercial policy
Languages : en
Pages : 53
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Book Description
Author: Jaime De Melo
Publisher:
ISBN:
Category : Commercial policy
Languages : en
Pages : 40
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Book Description
