Modeling Developing Countries' Policies In General Equilibrium
Modeling Developing Countries' Policies In General Equilibrium

Author: Jaime De Melo

Publisher: World Scientific

Published: 2015-02-26

Total Pages: 554

ISBN-13: 9814494828

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Policies affecting resource allocation across tradable sectors and those affecting the incentives to produce tradable activities are key determinants of macroeconomic balance and growth. Computable general equilibrium models have made significant contributions to both types of policies. With advancements in computing power and software, these models have become easy to implement and are now widespread. The question then is when and how to formulate them to avoid the ‘black box’ syndrome.This book seeks to address these issues through carefully selected essays that analyse how to model general equilibrium linkages in a single economy, across developing and developed economies, and across both micro and macro policies. Micro policies examined include tariffs quotas and VERs, the choice of taxes to maximize government revenue, migration and remittances, and the political economy of tariff setting. Applications on macro policies cover capital inflows, real exchange rate determination, and the modeling of the effects of adjustment policies on income distribution.The book provides insights on the development of a family of models for diverse policy choices, focusing on the ways to model the following: links between tradable and non-tradable activities, labor markets, and portfolio choices given limited capital mobility. Selected essays are all inspired by specific policy problems, including the adaptation to external shocks (i.e. oil), consequences of capital inflows, determinants of migration and associated remittances, the productivity of foreign aid, and rent-seeking activities under trade regimes with non-price trade restrictions. Examples in this book lay out the theoretical foundations, alongside a variety of applications, to help formulate coherent and transparent models for policy analysis. Archetype economies are extensively used to show how differences in economic structure influence the effects of policies. Graduate students and policy analysts interested in modeling will find this a useful compendium of studies.

Agricultural Price Policy
Agricultural Price Policy

Author: Isabelle Tsakok

Publisher: Cornell University Press

Published: 2019-05-15

Total Pages: 331

ISBN-13: 1501746375

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Many governments of developing countries burdened with international debt are under ever-increasing pressure to use their scarce economic resources wisely. Faced with slow progress in alleviating poverty and stimulating economic growth, they especially need to end wasteful subsidies and revise inefficient tax policies. This book will help staff members of government planning agencies and ministries of finance and agriculture to analyze the effects of government policies on the production, consumption, and export of agricultural commodities. The analytical techniques that Isabelle Tsakok demonstrates in this book are the essential first step in reforming agricultural price policy to bring about a more efficient allocation of resources. After mastering the techniques of single-market, partial-equilibrium analysis, which are the book's focus, policy analysts can use the techniques to identify when more sophisticated methods, such as multi-market analysis and computable general-equilibrium models, are needed to determine what agricultural price policies are "right." Tsakok begins with graphical analysis and data requirements in order to build intuitive understanding, and progresses through steadily more complex techniques, demonstrating—step by step—the calculation of domestic resource costs, effective rates of protection, and related coefficients of protection. Providing a wide range of numerical real-world examples to illustrate the practical application of the partial-equilibrium framework, Agricultural Price Policy is an invaluable reference manual and teaching tool.

New Developments in Computable General Equilibrium Analysis for Trade Policy
New Developments in Computable General Equilibrium Analysis for Trade Policy

Author: John Gilbert

Publisher: Emerald Group Publishing

Published: 2010-10-05

Total Pages: 461

ISBN-13: 0857241419

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Intends to present the developments in the methodology and practice of CGE techniques as they apply to various issues in international trade policy. This title is suitable for academic researchers working in trade policy analysis and applied general equilibrium, and advanced graduate students in international economics.

Agricultural Policy Analysis
Agricultural Policy Analysis

Author: Jeevika Weerahewa

Publisher: Springer Nature

Published: 2022-04-09

Total Pages: 492

ISBN-13: 9811632847

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This book is centred around various interwoven topics which are fundamental to policy analysis in agriculture. Key concepts and tools that are fundamental for the analysis of agricultural policies and programmes are presented. Key concepts introduced include, the role of the state in a market economy with examples from the Sri Lankan and other developing economies, the international trade environment, and conceptual frameworks for analysing important domestic and international trade policies. It also highlights interconnections among agriculture, development, policy and illustrates the extent to which the agricultural sector contributes in achieving economic growth objectives, equity and equality objectives and environmental objectives. The book takes the readers through the nature of agricultural markets in developing countries, with special emphasis on Sri Lanka, and illustrates how the degree of competitiveness is measured at various market levels using multiple indices and methods. Several tools, with accompanying case studies, for the analysis of policies and programmes are detailed. These tools include the GTAP model, gravity models, extended benefit cost analysis, and linear programming. Tools and models are applied to the analysis of trade policies and agreements, marketing policies, environmental services, extension programmes, land tenure reforms and climate change adaptations. Case studies in relation to the agri-food policy and strategy response to COVID-19 Pandemic are also covered. This book is of interest to public officials working in agricultural planning and agricultural policy, teachers, researchers, agro-economists, capacity builders and policymakers. Also the book serves as additional reading material for undergraduate and graduate students of agriculture, development studies, and environmental sciences. National and international agricultural scientists, policy makers will also find this to be a useful read.