Equilibrium Models in an Applied Framework
Equilibrium Models in an Applied Framework

Author: Ronny Norén

Publisher: Springer Science & Business Media

Published: 2013-02-26

Total Pages: 148

ISBN-13: 3642349943

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This book gives the historical development, explanations of technical specifications, and a basic understanding of how to use different equilibrium models in an applied framework. It contains an accessible analytical survey of economic equilibrium models, including multi-sector programming models (linear and quadratic) and the computable general equilibrium (CGE) model. The book introduces the importance of disinvestment, and hence, a model of economic transformation is developed. Finally, the globalisation process of the production system is examined. The equilibrium models in this book are presented in an easy way. Although the book is primarily written for advanced undergraduates and beginning graduates, the reading of the book will appeal to anyone interested in economic theory and applied modelling in the field of economics.

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: 2013-11-14

Total Pages: 1143

ISBN-13: 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

Lingen Equilibrium Model The
Lingen Equilibrium Model The

Author: Hermann Witte

Publisher: LIT Verlag Münster

Published: 2021-12-20

Total Pages: 356

ISBN-13: 3643914725

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Equilibria protect against crisis. All disciplines of sciences have the objective to create equilibria. But economics are not successful in this point. Here a simple equilibrium model based on a wage-price-rule is demonstrated. Economics are able to create economic equilibria by using this rule. But in economic systems there are a lot of rules, especially in accounting, which make economic equilibria impossible. These rules must be changed. If it is possible to create economic equilibria, the side-effect is the realization of economic sustainability.

Theory And Programming Of Computable General Equilibrium (Cge) Models: A Textbook For Beginners
Theory And Programming Of Computable General Equilibrium (Cge) Models: A Textbook For Beginners

Author: Gene H Chang

Publisher: World Scientific

Published: 2022-02-18

Total Pages: 443

ISBN-13: 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.

Sustainability in the Twenty-First Century
Sustainability in the Twenty-First Century

Author: Mohan Munasinghe

Publisher: Cambridge University Press

Published: 2019-05-23

Total Pages: 689

ISBN-13: 1108404154

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Provides a rigorous analysis of sustainable development that includes practical, policy-relevant, global case studies, explained concisely and clearly.

Model Building in Economics
Model Building in Economics

Author: Lawrence A. Boland

Publisher: Cambridge University Press

Published: 2014-09-15

Total Pages: 297

ISBN-13: 1316061043

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Concern about the role and the limits of modeling has heightened after repeated questions were raised regarding the dependability and suitability of the models that were used in the run-up to the 2008 financial crash. In this book, Lawrence Boland provides an overview of the practices of and the problems faced by model builders to explain the nature of models, the modeling process, and the possibility for and nature of their testing. In a reflective manner, the author raises serious questions about the assumptions and judgments that model builders make in constructing models. In making his case, he examines the traditional microeconomics-macroeconomics separation with regard to how theoretical models are built and used and how they interact, paying particular attention to the use of equilibrium concepts in macroeconomic models and game theory and to the challenges involved in building empirical models, testing models, and using models to test theoretical explanations.

Dynamic General Equilibrium Modeling
Dynamic General Equilibrium Modeling

Author: Burkhard Heer

Publisher: Springer Science & Business Media

Published: 2009-08-12

Total Pages: 720

ISBN-13: 364203148X

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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.