Applied General Equilibrium

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Applied General Equilibrium

Manuel Alejandro Cardenete,Ana-Isabel Guerra,Ferran Sancho
Applied General Equilibrium Book PDF

Author : Manuel Alejandro Cardenete,Ana-Isabel Guerra,Ferran Sancho
Publisher : Springer Science & Business Media
Page : 126 pages
File Size : 49,9 Mb
Release : 2012-01-05
Category : Business & Economics
ISBN : 9783642247453

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Applied General Equilibrium by Manuel Alejandro Cardenete,Ana-Isabel Guerra,Ferran Sancho Pdf

This advanced textbook aims at providing a simple but fully operational introduction to applied general equilibrium. General equilibrium is the backbone of modern economic analysis and as such generation after generation of economics students are introduced to it. As an analytical tool in economics, general equilibrium provides one of the most complete views of an economy since it incorporates all economic agents (households, firms, government, foreign sector) in an integrated way that is compatible with microtheory and microdata. The integration of theory and data handling is required for successful modeling but it requires a double ability that is not found in standard books. With this book we aim at filling the gap and provide advanced students with the required tools, from the building of consistent and applicable general equilibrium models to the interpretation of the results that ensue from the adoption of policies. The topics include: model design, model development, computer code examples, calibration and data adjustments, practical policy examples.

Applying General Equilibrium

John B. Shoven,John Whalley
Applying General Equilibrium Book PDF

Author : John B. Shoven,John Whalley
Publisher : Cambridge University Press
Page : 316 pages
File Size : 48,6 Mb
Release : 1992-05-29
Category : Business & Economics
ISBN : 0521319862

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Applying General Equilibrium by John B. Shoven,John Whalley Pdf

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.

Notes and Problems in Applied General Equilibrium Economics

K.R. Pearson,B.R. Parmenter,A.A. Powell,P.J. Wilcoxen,P.B. Dixon
Notes and Problems in Applied General Equilibrium Economics Book PDF

Author : K.R. Pearson,B.R. Parmenter,A.A. Powell,P.J. Wilcoxen,P.B. Dixon
Publisher : Elsevier
Page : 409 pages
File Size : 51,6 Mb
Release : 2014-06-28
Category : Business & Economics
ISBN : 9780080934037

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Notes and Problems in Applied General Equilibrium Economics by K.R. Pearson,B.R. Parmenter,A.A. Powell,P.J. Wilcoxen,P.B. Dixon Pdf

"General-equilibrium" refers to an analytical approach which looks at the economy as a complete system of inter-dependent components (industries, households, investors, governments, importers and exporters). "Applied" means that the primary interest is in systems that can be used to provide quantitative analysis of economic policy problems in particular countries. Reflecting the authors' belief in the models as vehicles for practical policy analysis, a considerable amount of material on data and solution techniques as well as on theoretical structures has been included. The sequence of chapters follows what is seen as the historical development of the subject. The book is directed at graduate students and professional economists who may have an interest in constructing or applying general equilibrium models. The exercises and readings in the book provide a comprehensive introduction to applied general equilibrium modeling. To enable the reader to acquire hands-on experience with computer implementations of the models which are described in the book, a companion set of diskettes is available.

The Structure of Applied General Equilibrium Models

Victor Ginsburgh,Michiel Keyzer
The Structure of Applied General Equilibrium Models Book PDF

Author : Victor Ginsburgh,Michiel Keyzer
Publisher : MIT Press
Page : 580 pages
File Size : 53,5 Mb
Release : 2002
Category : Business & Economics
ISBN : 0262571579

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The Structure of Applied General Equilibrium Models by Victor Ginsburgh,Michiel Keyzer Pdf

Bridges the gap between applied and theoretical general equilibrium models.

Applied General Equilibrium Analysis

Herbert E. Scarf,John B. Shoven
Applied General Equilibrium Analysis Book PDF

Author : Herbert E. Scarf,John B. Shoven
Publisher : Cambridge University Press
Page : 0 pages
File Size : 48,6 Mb
Release : 2008-08-28
Category : Business & Economics
ISBN : 0521070937

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Applied General Equilibrium Analysis by Herbert E. Scarf,John B. Shoven Pdf

This book presents a collection of articles on applied general equilibrium analysis by major contributors to this field. This rapidly expanding method of analysis involves the use of computers to study entire economies and the interrelationships among firms, households and governments in these economies. There are also articles on the particular computational techniques involved in the numerical estimation of these equilibrium models and on several particular applications. Papers deal with the United States, Mexican and Australian economies. Other chapters provide an analysis of long-run energy problems, fiscal federalism and economic planning.

Handbook of Computable General Equilibrium Modeling

Peter B. Dixon,Dale Jorgenson
Handbook of Computable General Equilibrium Modeling Book PDF

Author : Peter B. Dixon,Dale Jorgenson
Publisher : Newnes
Page : 1143 pages
File Size : 46,8 Mb
Release : 2013-11-14
Category : Business & Economics
ISBN : 9780444536358

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Handbook of Computable General Equilibrium Modeling by Peter B. Dixon,Dale Jorgenson Pdf

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

Introduction to Computable General Equilibrium Models

Mary E. Burfisher
Introduction to Computable General Equilibrium Models Book PDF

Author : Mary E. Burfisher
Publisher : Cambridge University Press
Page : 443 pages
File Size : 53,7 Mb
Release : 2017-02
Category : Business & Economics
ISBN : 9781107132207

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Introduction to Computable General Equilibrium Models by Mary E. Burfisher Pdf

The book provides a hands-on introduction to computable general equilibrium (CGE) models, written at an accessible, undergraduate level.

Applied General Equilibrium

John Piggott,John Whalley
Applied General Equilibrium Book PDF

Author : John Piggott,John Whalley
Publisher : Springer Science & Business Media
Page : 155 pages
File Size : 44,9 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9783642501678

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Applied General Equilibrium by John Piggott,John Whalley Pdf

Over the last 20 years, applied general equilibrium (AGE) modelling has developed from a small academic research program into a routinely used policy assessment tool. Major governments and international agencies maintain AGE research groups, and call for their input to a variety of trade, tax, and other resource allocation issues. This book is a collection of papers representative of recent activity in this field. Contributions have been grouped into a methodological section, a trade section, and a section on energy issues, and this division accurately indicates the focus of the volume. Readers will thus have access to up to date techniques and results currently being used by researchers at the forefront of the research program.

Dynamic General Equilibrium Modeling

Burkhard Heer,Alfred Maussner
Dynamic General Equilibrium Modeling Book PDF

Author : Burkhard Heer,Alfred Maussner
Publisher : Springer Science & Business Media
Page : 719 pages
File Size : 40,9 Mb
Release : 2011-10-20
Category : Business & Economics
ISBN : 9783540856849

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Dynamic General Equilibrium Modeling by Burkhard Heer,Alfred Maussner Pdf

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.

Applied General Equilibrium

Manuel Alejandro Cardenete,Ana-Isabel Guerra,Ferran Sancho
Applied General Equilibrium Book PDF

Author : Manuel Alejandro Cardenete,Ana-Isabel Guerra,Ferran Sancho
Publisher : Springer
Page : 176 pages
File Size : 47,9 Mb
Release : 2017-08-02
Category : Business & Economics
ISBN : 9783662548936

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Applied General Equilibrium by Manuel Alejandro Cardenete,Ana-Isabel Guerra,Ferran Sancho Pdf

This advanced textbook provides a straightforward but comprehensive introduction to applied general equilibrium modeling. General equilibrium is the backbone of modern economic analysis, which is why generation after generation of economics students have been introduced to it. As an analytical tool, general equilibrium can provide one of the most complete views of a given economy, as it incorporates all economic agents (households, firms, government and the foreign sector) in an integrated way that explicitly reveals the interplay of economic forces—supply and demand—and the balancing role of prices. Applied general equilibrium goes one step further in modeling, since it entails the integration of microeconomic theory, data handling and computing. This integration is essential for successful empirical modeling, but also involves various abilities that are not found in standard books. This book fills the gap, providing advanced students with the required tools, from the construction of consistent and applicable general equilibrium models to the interpretation of the results that ensue from the adoption of policies. This second edition expands the range of topics covered, including: indispensable general equilibrium theory, step-by-step model design, incremental model extensions, a wealth of sample computer code, procedures for constructing economic databases, database adjustments and database updating algorithms, numerical model calibration, policy strategies and their trade-offs and welfare effects, and a discussion of empirical policy examples.

Policy Evaluation with Computable General Equilibrium Models

Amedeo Fossati,Wolfgang Wiegard
Policy Evaluation with Computable General Equilibrium Models Book PDF

Author : Amedeo Fossati,Wolfgang Wiegard
Publisher : Routledge
Page : 396 pages
File Size : 47,9 Mb
Release : 2003-09-02
Category : Business & Economics
ISBN : 9781134518807

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Policy Evaluation with Computable General Equilibrium Models by Amedeo Fossati,Wolfgang Wiegard Pdf

Computable General Equilibrium (CGE) modelling is a relatively new field in economics, however, it is rapidly becoming one of the most useful tools for policy evaluation. This book applies CGE modelling to some of the most urgent international economic policy problems, including the Kyoto Protocol, pension reform, and income taxation, and also analyses the methodological issues that arise.

A General Equilibrium Analysis of US Foreign Trade Policy

Jaime De Melo,David G. Tarr
A General Equilibrium Analysis of US Foreign Trade Policy Book PDF

Author : Jaime De Melo,David G. Tarr
Publisher : MIT Press
Page : 320 pages
File Size : 46,8 Mb
Release : 1992
Category : Business & Economics
ISBN : 0262041227

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A General Equilibrium Analysis of US Foreign Trade Policy by Jaime De Melo,David G. Tarr Pdf

The authors' model is the first large-scale computer simulation of the effects of changes in U.S. import quotas.

Applied General Equilibrium Modelling

Henk Don,Theo C.M.J. van de Klundert,Jarig van Sinderen
Applied General Equilibrium Modelling Book PDF

Author : Henk Don,Theo C.M.J. van de Klundert,Jarig van Sinderen
Publisher : Springer Science & Business Media
Page : 192 pages
File Size : 47,8 Mb
Release : 2013-04-17
Category : Business & Economics
ISBN : 9789401579087

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Applied General Equilibrium Modelling by Henk Don,Theo C.M.J. van de Klundert,Jarig van Sinderen Pdf

Over the last decade or so, applied general equilibrium models have rapidly become a major tool for policy advice on issues regarding allocation and efficiency, most notably taxes and tariffs. This reflects the power of the general equilibrium approach to allocative questions and the capability of today's applied models to come up with realistic answers. However, it by no means implies that the theoretical, practical and empirical problems faced by researchers in applied modelling have all been solved in a satisfactory way. Rather, a promising field of research has been opened up, inviting theorists and practitioners to further explore and exploit its potential. The state of the art in applied general equilibrium modelling is reflected in this volume. The introductory Chapter (Part I) evaluates the use of economic modelling to address policy questions, and discusses the advantages and disadvantages of applied general equilibrium models. Three substantive issues are dealt with in Chapters 2-8: Tax Reform and Capital (Part II), Intertemporal Aspects and Expectations (Part III), and Taxes and the Labour Market (Part IV). While all parts contain results relevant for economic policy, it is clear that theory and applications for these areas are in different stages of development. We hope that this book will bring inspiration, insight and information to researchers, students and policy advisors.

Applied General Equilibrium Modelling

Dirk Willenbockel
Applied General Equilibrium Modelling Book PDF

Author : Dirk Willenbockel
Publisher : Unknown
Page : 288 pages
File Size : 40,8 Mb
Release : 1994-11-29
Category : Business & Economics
ISBN : STANFORD:36105009741948

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Applied General Equilibrium Modelling by Dirk Willenbockel Pdf

Provides a step-by-step introduction to applied general equilibrium modelling of trade policy reforms and regional economic integration initiatives. Includes a detailed description of a contemporary practical application to assess the economic consequences of the single European Market.

General Equilibrium Foundation of Partial Equilibrium Analysis

Takashi Hayashi
General Equilibrium Foundation of Partial Equilibrium Analysis Book PDF

Author : Takashi Hayashi
Publisher : Springer
Page : 185 pages
File Size : 51,5 Mb
Release : 2017-07-27
Category : Business & Economics
ISBN : 9783319566962

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General Equilibrium Foundation of Partial Equilibrium Analysis by Takashi Hayashi Pdf

This book addresses the gaps in undergraduate teaching of partial equilibrium analysis, providing a general equilibrium viewpoint to illustrate the assumptions underlying partial equilibrium welfare analysis. It remains unexplained, at least at the level of general economics teaching, in what sense partial equilibrium analysis is indeed a part of general equilibrium analysis. Partial equilibrium welfare analysis isolates a market for a single commodity from the rest of the economy, presuming that other things remain equal, and measures gains and losses by means of consumer surplus. This is a money metric that is supposed to be summable across individuals, recommending policy that maximizes the social surplus. But what justifies such apparently uni-dimensional practise? Within a general equilibrium framework, the assumption of no income effect is presented as the key condition, and substantive general equilibrium situations in which the condition emerges are presented. The analysis is extended to the case of uncertainty, in which the practice adopts aggregate expected consumer surplus, and scrutinizes when such practice is justified. Finally, the book illustrates partial equilibrium as an institutional artifact, meaning that institutional constraint induces individuals to behave as if they are in partial equilibrium. This volume forms an important contribution to the literature by researching why this disparity persists and the implications for economics education.