Frontiers in Applied General Equilibrium Modeling
Frontiers in Applied General Equilibrium Modeling

Author: Timothy J. Kehoe

Publisher: Cambridge University Press

Published: 2005-01-17

Total Pages: 452

ISBN-13: 1139443720

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This 2005 volume brings together twelve papers by many of the most prominent applied general equilibrium modelers honoring Herbert Scarf, the father of equilibrium computation in economics. It deals with developments in applied general equilibrium, a field which has broadened greatly since the 1980s. The contributors discuss some traditional as well as some modern topics in the field, including non-convexities in economy-wide models, tax policy, developmental modeling and energy modeling. The book also covers a range of distinct approaches, conceptual issues and computational algorithms, such as calibration and areas of application such as macroeconomics of real business cycles and finance. An introductory chapter written by the editors maps out issues and scenarios for the future evolution of applied general equilibrium.

Applying General Equilibrium
Applying General Equilibrium

Author: John B. Shoven

Publisher: Cambridge University Press

Published: 1992-05-29

Total Pages: 316

ISBN-13: 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.

Handbook of Computable General Equilibrium Modeling
Handbook of Computable General Equilibrium Modeling

Author: Peter B. Dixon

Publisher: Newnes

Published: 2013-01-08

Total Pages: 1886

ISBN-13: 044462631X

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Top scholars synthesize and analyze scholarship on this widely used tool of policy analysis in 27 articles, setting forth its accomplishments, difficulties, and means of implementation. Though CGE modeling does not play a prominent role in top U.S. 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

The New Generation of Computable General Equilibrium Models
The New Generation of Computable General Equilibrium Models

Author: Federico Perali

Publisher: Springer

Published: 2018-05-02

Total Pages: 343

ISBN-13: 3319585339

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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.

General Equilibrium Analysis
General Equilibrium Analysis

Author: Pascal Bridel

Publisher: Routledge

Published: 2013-03-01

Total Pages: 169

ISBN-13: 1136719822

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2010 marks the hundredth anniversary of the death of Léon Walras, the brilliant originator and first formaliser of general equilibrium theory – one of the pillars of modern economic theory. In advancing much derided practical solutions Walras also displayed more concern for the problems of living in a second best world than is common in modern pure theories of the invisible hand, efficient market hypothesis, DSGE macroeconomics or the thinking of some contemporary free market admirers all based on general equilibrium theory. This book brings contributions from the likes of Kenneth Arrow, Alan Kirman, Richard Posner, Amartya Sen and Robert Solow to share their thoughts and reflections on the theoretical heritage of Léon Walras. Some authors reminisce on the part they played in the development of modern general economics theory; others reflect on the crucial part played by general equilibrium in the development of macroeconomics, microeconomics, growth theory, welfare economics and the theory of justice; others still complain about the wrong path economic theory took under the influence of post 1945 developments in general equilibrium theory.

Economic Multisectoral Modelling Between Past and Future
Economic Multisectoral Modelling Between Past and Future

Author: Rossella Bardazzi

Publisher: Firenze University Press

Published: 2013

Total Pages: 270

ISBN-13: 8866554081

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This book is a tribute to the work of Maurizio Grassini, econometrician and model builder. The selection of his works in the first part of the volume is mainly devoted to research issues of multisectoral modelling. In fact, M. Grassini has dedicated a large part of his professional life to building and developing the INTIMO model for the Italian economy within the INFORUM research project. The book does not aim to be a celebration of the past but takes a look at the future of the multisectoral modelling which M. Grassini has contributed so much to. In the second part of the book, colleagues and friends who have encountered M. Grassini in the professional sphere on matters of quantitative economic analysis or still working with him on interindustry models have given their contribution to look at the future prospects of a research field firmly based on the experience of what has been done so far.

Equilibrium Models in Economics
Equilibrium Models in Economics

Author: Lawrence A. Boland

Publisher: Oxford University Press

Published: 2017

Total Pages: 289

ISBN-13: 0190274336

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The purpose and problems for equilibrium models -- Equilibrium models and explanation -- Equilibrium attainment vs. equilibrium necessities -- Does general equilibrium attainment imply universal maximization? -- Time and knowledge matters : general equilibrium attainment -- Equilibrium concepts and critiques : two cultures -- The limits of equilibrium models -- Recognizing knowledge in equilibrium models -- Limits of equilibrium methodology an educational dialogue -- Equilibrium models vs. realistic understanding -- Macroeconomic equilibrium model building and the stability problem -- Equilibrium models intended to overcome limits -- Equilibrium models vs. evolutionary economic models -- Equilibrium models vs. complexity economics -- Building models of price dynamics -- Building models of non-clearing markets -- Building models of learning and the equilibrium process -- Bibliography -- Names index -- Subject index

World Scientific Reference On Asia-pacific Trade Policies (In 2 Volumes)
World Scientific Reference On Asia-pacific Trade Policies (In 2 Volumes)

Author: Kym Anderson

Publisher: World Scientific

Published: 2019-12-19

Total Pages: 1544

ISBN-13: 9813274719

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Protectionism has been placed under the media spotlight, with news headlines generated by populist anti-globalization movements and Donald Trump's term as US President. Such a policy stance is putting at risk unilateral trade reform efforts in the Asia-Pacific region and elsewhere.This two-volume reference work provides a timely update on how far the region has come in opening markets. It analyzes the motivations or ostensible objectives of policies adopted in the past, the changing extent of the domestic price distortions involved, the economic effects of those policies at home and abroad, the political economy forces at work that brought about those policies and their subsequent reform, their consequences for international trade, economic welfare and poverty alleviation, and prospects for sustainable improvements in current policies. Case studies of major East Asian economies and Australia reveal how government priorities to assist farmers versus manufacturers changed over the past century but especially since the 1980s, and how that has affected trade between natural resource-poor and resource-rich economies.This set is highly recommended for those who are interested in the economics and politics of trade policies, agricultural economics, economic development, and food and nutrition security in the Asia-Pacific region and beyond.