Applied General Equilibrium Analysis

Author : Herbert E. Scarf,John B. Shoven
Publisher : Cambridge University Press
Page : 0 pages
File Size : 49,7 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.

Author : Manuel Alejandro Cardenete,Ana-Isabel Guerra,Ferran Sancho
Publisher : Springer Science & Business Media
Page : 126 pages
File Size : 45,8 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.

Author : John B. Shoven,John Whalley
Publisher : Cambridge University Press
Page : 316 pages
File Size : 46,7 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.

Author : Manuel Alejandro Cardenete,Ana-Isabel Guerra,Ferran Sancho
Publisher : Springer
Page : 176 pages
File Size : 46,8 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.

Author : K.R. Pearson,B.R. Parmenter,A.A. Powell,P.J. Wilcoxen,P.B. Dixon
Publisher : Elsevier
Page : 409 pages
File Size : 41,5 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.

Author : Peter B. Dixon,Dale Jorgenson
Publisher : Newnes
Page : 1143 pages
File Size : 53,9 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

Author : Victor Ginsburgh,Michiel Keyzer
Publisher : MIT Press
Page : 580 pages
File Size : 42,9 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.

Author : Mary E. Burfisher
Publisher : Cambridge University Press
Page : 443 pages
File Size : 51,9 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.

Author : Herbert E. Scarf
Publisher : Unknown
Page : 128 pages
File Size : 48,6 Mb
Release : 1986
Category : Electronic
ISBN : OCLC:604851643

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Applied General Equilibrium Analysis by Herbert E. Scarf Pdf

Author : Takashi Hayashi
Publisher : Springer
Page : 185 pages
File Size : 54,5 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.

Author : Jaime De Melo,David G. Tarr
Publisher : MIT Press
Page : 320 pages
File Size : 51,6 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.

Author : John Piggott,John Whalley
Publisher : Springer Science & Business Media
Page : 155 pages
File Size : 54,9 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.

Author : Herbert E. Scarf,John B. Shoven,Cambridge University
Publisher : Unknown
Page : 537 pages
File Size : 46,9 Mb
Release : 1984
Category : Modelos de equilibrio general
ISBN : OCLC:760547412

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Applied general equilibrium analysis by Herbert E. Scarf,John B. Shoven,Cambridge University Pdf

Author : Burkhard Heer,Alfred Maussner
Publisher : Springer Science & Business Media
Page : 719 pages
File Size : 51,8 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.

Author : Joseph F. Francois,Kenneth A. Reinert
Publisher : Cambridge University Press
Page : 576 pages
File Size : 49,5 Mb
Release : 1997-10-13
Category : Business & Economics
ISBN : 052158003X

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Applied Methods for Trade Policy Analysis by Joseph F. Francois,Kenneth A. Reinert Pdf

This book provides a comprehensive introduction to the applied economic modeling of trade policies.