[PDF] Applied General Equilibrium Modelling eBook

Author : Manuel Alejandro Cardenete
Publisher : Springer Science & Business Media
Page : 126 pages
File Size : 19,42 MB
Release : 2012-01-05
Category : Business & Economics
ISBN : 3642247458

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This advanced textbook aims at providing a simple but fully operational introduction to applied general equilibrium. General equilibrium is the backbone of modern economic analysis and as such generation after generation of economics students are introduced to it. As an analytical tool in economics, general equilibrium provides one of the most complete views of an economy since it incorporates all economic agents (households, firms, government, foreign sector) in an integrated way that is compatible with microtheory and microdata. The integration of theory and data handling is required for successful modeling but it requires a double ability that is not found in standard books. With this book we aim at filling the gap and provide advanced students with the required tools, from the building of consistent and applicable general equilibrium models to the interpretation of the results that ensue from the adoption of policies. The topics include: model design, model development, computer code examples, calibration and data adjustments, practical policy examples.

Author : Mary E. Burfisher
Publisher : Cambridge University Press
Page : 443 pages
File Size : 47,78 MB
Release : 2016
Category : Business & Economics
ISBN : 1107132207

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

Author : Peter B. Dixon
Publisher : Newnes
Page : 1143 pages
File Size : 46,28 MB
Release : 2013-11-14
Category : Business & Economics
ISBN : 0444536353

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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

Author : K.R. Pearson
Publisher : Elsevier
Page : 409 pages
File Size : 11,72 MB
Release : 2014-06-28
Category : Business & Economics
ISBN : 008093403X

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"General-equilibrium" refers to an analytical approach which looks at the economy as a complete system of inter-dependent components (industries, households, investors, governments, importers and exporters). "Applied" means that the primary interest is in systems that can be used to provide quantitative analysis of economic policy problems in particular countries. Reflecting the authors' belief in the models as vehicles for practical policy analysis, a considerable amount of material on data and solution techniques as well as on theoretical structures has been included. The sequence of chapters follows what is seen as the historical development of the subject. The book is directed at graduate students and professional economists who may have an interest in constructing or applying general equilibrium models. The exercises and readings in the book provide a comprehensive introduction to applied general equilibrium modeling. To enable the reader to acquire hands-on experience with computer implementations of the models which are described in the book, a companion set of diskettes is available.

Author : Victor Ginsburgh
Publisher : MIT Press
Page : 580 pages
File Size : 34,68 MB
Release : 2002
Category : Business & Economics
ISBN : 9780262571579

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Bridges the gap between applied and theoretical general equilibrium models.

Author : John B. Shoven
Publisher : Cambridge University Press
Page : 316 pages
File Size : 47,85 MB
Release : 1992-05-29
Category : Business & Economics
ISBN : 9780521319867

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The central idea underlying this work is to convert the Walrasian general equilibrium structure (formalized in the 1950s by Kenneth Arrow, Gerard Debreu and others) from an abstract representation of an economy into realistic models of actual economies.

Author : Gene H Chang
Publisher : World Scientific
Page : 443 pages
File Size : 17,9 MB
Release : 2022-02-18
Category : Business & Economics
ISBN : 9811238995

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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 : Burkhard Heer
Publisher : Springer Science & Business Media
Page : 719 pages
File Size : 22,40 MB
Release : 2011-10-20
Category : Business & Economics
ISBN : 3540856846

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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.

Author : Amedeo Fossati
Publisher : Routledge
Page : 396 pages
File Size : 18,21 MB
Release : 2003-09-02
Category : Business & Economics
ISBN : 1134518803

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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 : Herbert E. Scarf
Publisher : Cambridge University Press
Page : 0 pages
File Size : 17,86 MB
Release : 2008-08-28
Category : Business & Economics
ISBN : 9780521070935

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This book presents a collection of articles on applied general equilibrium analysis by major contributors to this field. This rapidly expanding method of analysis involves the use of computers to study entire economies and the interrelationships among firms, households and governments in these economies. There are also articles on the particular computational techniques involved in the numerical estimation of these equilibrium models and on several particular applications. Papers deal with the United States, Mexican and Australian economies. Other chapters provide an analysis of long-run energy problems, fiscal federalism and economic planning.