Book contents
- Frontmatter
- Contents
- Text Boxes
- About This Book
- Acknowledgments
- 1 Introduction to Computable General Equilibrium Models
- 2 Elements of a Computable General Equilibrium Model
- 3 The CGE Model Database: A Social Accounting Matrix
- 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 Conclusion: Frontiers in CGE Modeling
- Model Exercises
- Appendix
- Glossary
- Practice and Review Answer Key
- Model Exercise Answer Key
- References
- Author Index
- Subject Index
About This Book
Published online by Cambridge University Press: 05 June 2012
- Frontmatter
- Contents
- Text Boxes
- About This Book
- Acknowledgments
- 1 Introduction to Computable General Equilibrium Models
- 2 Elements of a Computable General Equilibrium Model
- 3 The CGE Model Database: A Social Accounting Matrix
- 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 Conclusion: Frontiers in CGE Modeling
- Model Exercises
- Appendix
- Glossary
- Practice and Review Answer Key
- Model Exercise Answer Key
- References
- Author Index
- Subject Index
Summary
Objectives
This book will introduce you to computable general equilibrium (CGE) models. A CGE model is a powerful analytical tool that can help you to gain a better understanding of real-world economic issues. CGE models are a class of economic model that over the past twenty-five years has gained widespread use in the economics profession, particularly in government. Economists today are using these models to systematically analyze some of the most important policy challenges and economic “shocks” of the twentyfirst century, including global climate change, the spread of human diseases, and international labor migration.
Since the early 1990s, prominent CGE models have been built and maintained at the U.S. International Trade Commission, the Economic Research Service of the U.S. Department of Agriculture, the World Bank, and other national agencies and international organizations to provide ongoing economic analytical capability. These models have come to play an important part worldwide in government policy decisions. For example, the models' predictions about prices, wages, and incomes factored heavily in the debate about the terms of the North American Free Trade Agreement, the Kyoto Protocol, and China's entrance into the World Trade Organization.
- Type
- Chapter
- Information
- Introduction to Computable General Equilibrium Models , pp. xiii - xviiiPublisher: Cambridge University PressPrint publication year: 2011