Equilibrium Models In An Applied Framework
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| Author | : Ronny Norén |
| Publisher | : Springer Science & Business Media |
| Total Pages | : 148 |
| Release | : 2013-02-26 |
| Genre | : Business & Economics |
| ISBN | : 3642349943 |
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.
| 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.
| Author | : Joseph F. Francois |
| Publisher | : Cambridge University Press |
| Total Pages | : 576 |
| Release | : 1997 |
| Genre | : Business & Economics |
| ISBN | : 9780521589970 |
This book provides a comprehensive introduction to the applied economic modeling of trade policies.
| Author | : John B. Shoven |
| Publisher | : Cambridge University Press |
| Total Pages | : 316 |
| Release | : 1992-05-29 |
| Genre | : Business & Economics |
| ISBN | : 9780521319867 |
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 | : 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
| Author | : Hermann Witte |
| Publisher | : LIT Verlag |
| Total Pages | : 360 |
| Release | : 2021-01-11 |
| Genre | : Business & Economics |
| ISBN | : 3643964722 |
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. Dr. Hermann Witte, Professor of Business Administration, Logistics and Environmental Economics, University of Applied Sciences Osnabruck, Campus Lingen, Institute of Management and Technology.
| Author | : Victor Ginsburgh |
| Publisher | : MIT Press |
| Total Pages | : 580 |
| Release | : 2002 |
| Genre | : Business & Economics |
| ISBN | : 9780262571579 |
Bridges the gap between applied and theoretical general equilibrium models.
| Author | : Henk Don |
| Publisher | : Springer Science & Business Media |
| Total Pages | : 192 |
| Release | : 2013-04-17 |
| Genre | : Business & Economics |
| ISBN | : 9401579083 |
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.
| Author | : Lawrence A. Boland |
| Publisher | : Cambridge University Press |
| Total Pages | : 297 |
| Release | : 2014-09-15 |
| Genre | : Business & Economics |
| ISBN | : 1316061043 |
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.
| Author | : Gene H Chang |
| Publisher | : World Scientific |
| Total Pages | : 443 |
| Release | : 2022-02-18 |
| Genre | : Business & Economics |
| ISBN | : 9811238995 |
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.
