Applied General Equilibrium Models

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Applied General Equilibrium

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Author : Manuel Alejandro Cardenete
language : en
Publisher: Springer
Release Date : 2017-08-02

Applied General Equilibrium written by Manuel Alejandro Cardenete and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-08-02 with Business & Economics categories.

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.

Applied General Equilibrium Modelling

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Author : Henk Don
language : en
Publisher: Springer Science & Business Media
Release Date : 2013-04-17

Applied General Equilibrium Modelling written by Henk Don and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-04-17 with Business & Economics categories.

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.

Notes And Problems In Applied General Equilibrium Economics

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Author : K.R. Pearson
language : en
Publisher: Elsevier
Release Date : 2014-06-28

Notes And Problems In Applied General Equilibrium Economics written by K.R. Pearson and has been published by Elsevier this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-06-28 with Business & Economics categories.

"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

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Author : Victor Ginsburgh
language : en
Publisher: MIT Press
Release Date : 2002

The Structure Of Applied General Equilibrium Models written by Victor Ginsburgh and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Business & Economics categories.

Bridges the gap between applied and theoretical general equilibrium models.

Frontiers In Applied General Equilibrium Modeling

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Author : Timothy J. Kehoe
language : en
Publisher: Cambridge University Press
Release Date : 2005-01-17

Frontiers In Applied General Equilibrium Modeling written by Timothy J. Kehoe and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005-01-17 with Business & Economics categories.

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.

Applied General Equilibrium Modelling

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Author : Dirk Willenbockel
language : en
Publisher:
Release Date : 1994-11-29

Applied General Equilibrium Modelling written by Dirk Willenbockel and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994-11-29 with Business & Economics categories.

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.

Applied General Equilibrium

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Author : John Piggott
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06

Applied General Equilibrium written by John Piggott and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.

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.

Applied General Equilibrium And Economic Development

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Author : Jean Mercenier
language : en
Publisher: University of Michigan Press
Release Date : 1994

Applied General Equilibrium And Economic Development written by Jean Mercenier and has been published by University of Michigan Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with Business & Economics categories.

"Traditional tools of analysis that focus on particular commodities or sectors, a particular time frame, and aggregate diverse socioeconomic groups are ill-suited to analyze the consequences of the economic reforms of the last ten years. This volume shows the greater power and relevance of applied general equilibrium methods." "Through discussion of several major policy issues - agricultural and food policy, economies of scale in production and the associated market imperfections, macrostabilization programs, and modeling intertemporal tradeoffs - the contributors present work representative of the major trends in applied general equilibrium modeling of developing-country issues. Policy analysis using a rich variety of static, recursive, and intertemporal dynamic models is illustrated with problems from a number of developing countries in Africa, Asia, and Latin America. The countries studied range widely in their institutional features, stages of development, and economic size."--BOOK JACKET.Title Summary field provided by Blackwell North America, Inc. All Rights Reserved

Applying General Equilibrium

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Author : John B. Shoven
language : en
Publisher: Cambridge University Press
Release Date : 1992-05-29

Applying General Equilibrium written by John B. Shoven and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992-05-29 with Business & Economics categories.

The aim of this book is to make more widely available a body of recent research activity that has become known as applied general equilibrium analysis. 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. Numerical, empirically based general equilibrium models can then be used to evaluate concrete policy options by specifying production and demand parameters and incorporating data reflective of real economies. Shoven and Whalley describe all aspects of developing applied general equilibrium models, including developing an appropriate equilibrium structure, calibrating the model, compiling counterfactual equilibria, and interpreting results. The authors contend that the Walrasian general equilibrium model provides an ideal framework for appraising the effects of policy changes on resource allocation, assessing who gains and who loses, and the policy impacts not well covered by empirical macro models. The applications in the book illustrate a number of ways in which fresh insights are provided in long standing policy controversies.

Mathematical Economics Applied General Equilibrium Modelling

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Author : Edward Tower
language : en
Publisher:
Release Date : 1990

Mathematical Economics Applied General Equilibrium Modelling written by Edward Tower and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1990 with Business & Economics categories.