Introduction to Computable General Equilibrium Models
Cambridge University Press
Edition: 3, 1/7/2021
EAN 9781108748025, ISBN10: 1108748023
Paperback, 500 pages, 25.4 x 17.8 x 2.9 cm
Language: English
Originally published in English
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.
1. Introduction to Computable General Equilibrium Models
2. Elements of a Computable General Equilibrium Model
3. The CGE Model Database
4. Final Demand in a CGE Model
5. Supply in a CGE Model
6. Factors of Production in a CGE Model
7. Trade in a CGE Model
8. Taxes in a CGE Model
9. Regulations in a CGE Model
10. Conclusion
Frontiers in CGE Modeling.