Introduction to Computable General Equilibrium Models

Burfisher, Mary E.

doi:10.1017/cbo9780511975004

Cited by 130 publications

(54 citation statements)

References 35 publications

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“…The time horizon of our analysis is 1992 to 2011. The hyperinflationary period in Peru 7 For a description of DCGEM methodologies, see Burfisher (2011). prior to 1992 limited the time horizon of our analysis. The definition of different economic scenarios that measure the deviation of model variables against the baseline solution is the technique used throughout this study.…”

Section: Methodsmentioning

confidence: 99%

The Impact of Public Expenditures in Education, Health, and Infrastructure on Economic Growth and Income Distribution in Peru

Campodonico¹,

Cassinelli²,

Mesones³

2014

SSRN Journal

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The Peruvian economy has exhibited remarkable growth in the past 20 years. Good tax and monetary policies, along with comprehensive structural adjustment, which has attracted substantial foreign investment, are regarded as the pillars of this success. Notwithstanding the advances experienced on reducing poverty, lowering inequality and unemployment continue to be elusive targets for the Peruvian government and constitute main causes of social unrest. This paper assesses the impact of Peruvian public expenditures in education, health, and infrastructure on economic growth, poverty, and income distribution in the past 20 years using a Dynamic Computable General Equilibrium Model (DCGEM), which is an economy-wide model that describes the behavior of producers and consumers and the linkages among them.JEL Codes: C68, H50, H51, H52, H54

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Section: Methodsmentioning

confidence: 99%

The Impact of Public Expenditures in Education, Health, and Infrastructure on Economic Growth and Income Distribution in Peru

Campodonico¹,

Cassinelli²,

Mesones³

2014

SSRN Journal

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“…Some studies contain 148 more than one layer, e.g., the material and the economic layer (Kytzia et al, 2004;Nathani, 149 2009). Dynamic stock models (Baccini and Bader, 1996;Müller, 2006; van der Voet et al, Integrated assessment modeling (IAM) and general equilibrium modeling (GCE) both contain 176 detailed models of productive capital stocks (Burfisher, 2011;Loulou et al, 2005). This is 177 necessary as these models endogenously determine supply curves using a detailed list of 178 different types and in some cases vintages of production facilities within each economic 179 sector.…”

Section: 3) How In-use Stocks Are Reflected In Current Models Of Thmentioning

confidence: 99%

The role of in-use stocks in the social metabolism and in climate change mitigation

Pauliuk

Müller

2014

Global Environmental Change

234

212

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“…CGE models' ability to link the macro and micro-economic performance of an influence shock makes CGE models can be used as an information retrieval comprehensive policy (James 2007). Even some economists, like Ross (2011), Burfisher (2011, Dixon and Jorgenson (2012), and Manuel et al (2012), classify CGE models as the analytical approach that sees the economy as a comprehensive system with components that are related to one another (industry, households, investors, governments, importers, and exporters).…”

Section: Methodsmentioning

confidence: 99%

Impacts of Indonesia-India Free Trade Agreements on Agricultural Sector of Indonesia: A CGE Analysis

Kustiari¹,

Hermanto²

2018

j. agro ekon.

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ABSTRAKIndia merupakan salah satu negara mitra utama Indonesia dalam perdagangan pertanian. Indonesia dan India kini sedang berunding tentang kerja sama perdagangan bebas bilateral (FTA). Penelitian ini bertujuan untuk mengevaluasi potensi dampak FTA Indonesia-India terhadap sektor pertanian dan perekonomian Indonesia secara keseluruhan. Penelitian menggunakan model Global Trade Analysis Project yang dikaitkan dengan model keseimbangan umum (CGE) Indonesia the Enormous Regional model menggunakan Tabel Input-Output 2005. Hasil penelitian menunjukkan bahwa implementasi FTA Indonesia-India dapat meningkatkan kesejahteraan kedua negara. Kenaikan kesejahteraan (PDB) India lebih besar dari pada Indonesia. Sebaliknya, surplus neraca perdagangan Indonesia lebih besar daripada India. Di sisi regional, PDB Sumatera dan Kalimantan meningkat, sedangkan PDB riil Sulawesi, Bali-NT, dan Papua-Maluku menurun. Dampak terhadap output tampak bervariasi antarsektor dan daerah. Ekspor sayuran dan buah, serta minyak nabati dan lemak menunjukkan peningkatan. Impor Indonesia untuk beberapa komoditas akan mengalami peningkatan dengan persentase yang berbeda. Tingkat kemiskinan di wilayah Sumatera, Kalimantan, Sulawesi, dan Bali-Nusa Tenggara diperkirakan akan menurun. FTA Indonesia-India layak untuk diwujudkan. Kata kunci: input-output, investasi, keseimbangan umum, perdagangan bebas, tarif ABSTRACTIndia is one of the Indonesia's most important partners in agricultural trade. Indonesia and India are now negotiating bilateral free trade cooperation (FTA). This study aims to evaluate potential impacts of the IndonesiaIndia FTA on agricultural sector and the Indonesian economy as a whole. The study uses a Global Trade Analysis Project model that is associated with the regional Computable General Equilibrium (CGE) Indonesia the Enormous Regional model using the Indonesia Input-Output Table 2005. The results show that the implementation of the Indonesia-India FTA could improve welfare of both countries. The increase in welfare of India is higher than that of Indonesia. In contrast, Indonesia's trade balance surplus is larger than that of India. On regional side, real GDP of Sumatra and Kalimantan is predicted to increase, while real GDP of Sulawesi, Bali-NT, and Papua-Maluku to decrease. The output impacts vary across sectors and regions. Exports of vegetables and fruits, as well as vegetable oils and fats, are expected to increase. Indonesia's import for some commodities increase with different percentages. Poverty rates in Sumatra, Kalimantan, Sulawesi, and Bali-Nusa Tenggara regions are expected to decline. FTA Indonesia-India is feasible to be realized.

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Introduction to Computable General Equilibrium Models

Cited by 130 publications

References 35 publications

The Impact of Public Expenditures in Education, Health, and Infrastructure on Economic Growth and Income Distribution in Peru

The Impact of Public Expenditures in Education, Health, and Infrastructure on Economic Growth and Income Distribution in Peru

The role of in-use stocks in the social metabolism and in climate change mitigation

Impacts of Indonesia-India Free Trade Agreements on Agricultural Sector of Indonesia: A CGE Analysis

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