Textbook of computable general equilibrium modelling : programming and simulations

The book provides a comprehensive A-to-Z guide for computable general equilibrium (CGE) models, which can analyze various economic issues empirically. CGE Models been widely used for investigating the impacts of economic integration, eco-taxes on environmental problems, regulatory reforms, taxation reforms and transportation system planning. Computable General Equilibrium (CGE) models have been widely used for various economic simulations, such as, trade liberalization, environmental problems, and regulatory and tax reforms. CGE models are powerful but tend to be large-scale and, therefore, often difficult to learn. This book provides a comprehensive A-to-Z guide for CGE models. Focusing on its practical application, readers can learn from the simplest CGE models, and proceed, in a step-by-step manner, to database construction, programming for computation, and developing more elaborated CGE models, which can be applied empirically to actual simulation purposes. Particular emphasis is placed on computer programs of CGE models. Readers can obtain knowledge and skills from which they can develop and operate their own CGE models, and apply them to their research. This book is essential reading for all interested in computational economics, advanced macroeconomics, international trade, regional development, development economics Front Matter....Pages i-xix Overview....Pages 1-12 The Simple CGE Model....Pages 13-22 Computation....Pages 23-40 The Social Accounting Matrix....Pages 41-60 Calibration and Computational Strategy for General Equilibrium....Pages 61-86 The Standard CGE Model....Pages 87-121 Macro Closure....Pages 122-127 Simulating General Equilibria....Pages 128-143 Interpretation of Simulation Results....Pages 144-157 Model Extension....Pages 158-190 Concluding Remarks....Pages 191-194 Back Matter....Pages 195-235 The text provides a comprehensive A-Z guide for computable general equilibrium (CGE) models, which can analyze various economic issues empirically. CGE models have been widely used for investigating the impacts of economic integration, eco-taxes on environmental problems, taxation reforms and transportation system planning