Introduction to Computable General Equilibrium Models

Introduction to Computable General Equilibrium Models
Author: Mary E. Burfisher
Publisher: Cambridge University Press
Total Pages: 443
Release: 2016
Genre: Business & Economics
ISBN: 1107132207

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

Handbook of Computable General Equilibrium Modeling

Handbook of Computable General Equilibrium Modeling
Author: Peter B. Dixon
Publisher: Newnes
Total Pages: 1886
Release: 2013-01-08
Genre: Business & Economics
ISBN: 044462631X

Top scholars synthesize and analyze scholarship on this widely used tool of policy analysis in 27 articles, setting forth its accomplishments, difficulties, and means of implementation. Though CGE modeling does not play a prominent role in top U.S. 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

Proceedings of the 2011 2nd International Congress on Computer Applications and Computational Science

Proceedings of the 2011 2nd International Congress on Computer Applications and Computational Science
Author: Ford Lumban Gaol
Publisher: Springer Science & Business Media
Total Pages: 487
Release: 2012-02-23
Genre: Technology & Engineering
ISBN: 3642283144

The latest inventions in computer technology influence most of human daily activities. In the near future, there is tendency that all of aspect of human life will be dependent on computer applications. In manufacturing, robotics and automation have become vital for high quality products. In education, the model of teaching and learning is focusing more on electronic media than traditional ones. Issues related to energy savings and environment is becoming critical. Computational Science should enhance the quality of human life, not only solve their problems. Computational Science should help humans to make wise decisions by presenting choices and their possible consequences. Computational Science should help us make sense of observations, understand natural language, plan and reason with extensive background knowledge. Intelligence with wisdom is perhaps an ultimate goal for human-oriented science. This book is a compilation of some recent research findings in computer application and computational science. This book provides state-of-the-art accounts in Computer Control and Robotics, Computers in Education and Learning Technologies, Computer Networks and Data Communications, Data Mining and Data Engineering, Energy and Power Systems, Intelligent Systems and Autonomous Agents, Internet and Web Systems, Scientific Computing and Modeling, Signal, Image and Multimedia Processing, and Software Engineering.

Handbook of Computable General Equilibrium Modeling

Handbook of Computable General Equilibrium Modeling
Author: Peter B. Dixon
Publisher: Newnes
Total Pages: 1143
Release: 2013-11-14
Genre: Business & Economics
ISBN: 0444536353

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

A Regional Computable General Equilibrium Model with Applications for the Pacific Northwest

A Regional Computable General Equilibrium Model with Applications for the Pacific Northwest
Author: Xiaojuan Zheng
Publisher:
Total Pages: 138
Release: 2014
Genre: Biomass energy industries
ISBN:

Many important policy problems entail linkages among multiple economic sectors, and require the use of a general equilibrium economic modeling framework. This economic approach is appropriate when the market for any one good or service is linked to numerous other goods and services, and back to fundamental inputs such as labor and capital. In this dissertation, a computable general equilibrium (CGE) model for the Pacific Northwest region is developed. It describes all parts of Pacific Northwest economy simultaneously and how its industries, households, government institutions, and factors of production interact with each other. The model is used to address two policy issues in the Northwest: development of a new biofuels supply chain, and the impact of future events such as climate change on Pacific Northwest farmers. Before these applications are carried out, a major effort is made to estimate the parameters of the general equilibrium model, and to validate that the model is representative of the regional economy. Techniques from the literature on calibration of macro-economic models are employed, in conjunction with historical agricultural price and quantity data for the Northwest. These methods allow greater confidence to be placed in the analyses that follow. Once the model is parameterized and validated, the first application concerns the potential of an oilseed crop, camelina, to be used as a new biofuel for the aviation sector. The aim of this study is to identify conditions and policies under which a supply chain could be developed within the Northwest. Several policy options are examined within the model with regard to meeting stated targets by the aviation sector for using camelina as a biofuel. Model results indicate that a regional supply chain for biofuels is unlikely to develop unless subsidies are targeted to particular activities, including farming and processing. Particular estimates of these subsidies are derived. The second application of the model concerns how the Pacific Northwest wheat economy will be affected by long-run changes in climate, population growth, input costs, and other phenomena. A series of possible future scenarios, called Representative Agricultural Pathways (RAPs), are developed to describe trends in key drivers at the regional and global scales. These RAPs are quantified and integrated as simulations into the CGE model, the first time this has been done within the literature. In general the health of the Pacific Northwest wheat sector, as represented by wheat prices, exports quantities, and producer economic welfare, appears to be quite viable under a range of alternative future scenarios.