Introduction to Computable General Equilibrium Models
Introduction to Computable General Equilibrium Models
This book provides an accessible, undergraduate-level introduction to computable general equilibrium (CGE) models, a class of model that has come to play an important role in government policy decisions. The book uses a graphical approach to explain the economic theory that underlies a CGE model, and provides results from simple, small-scale CGE models to illustrate the links between theory and model outcomes. The book includes eleven guided, hands-on exercises that introduce modeling techniques that are applied to real-world economic problems. Students will learn how to integrate their separate fields of economic study into a comprehensive, general equilibrium perspective as they develop their skills as producers or consumers of CGE-based analysis.
- Uses a graphical approach to explain economic theory and computable general equilibrium (CGE) models, allowing readers to understand the material without having to wade through complex mathematics
- Provides simple, small-scale CGE models, making a link between economic theory and CGE model results transparent and easy to understand
- The accessible, undergraduate-level treatment of state-of-the-art professional economic models prepares students for professional careers by teaching them about real-world applications
Reviews & endorsements
'At a time when globalization is being hotly debated, Mary E. Burfisher provides a valuable introduction to the main tool for assessing the impact of trade policies on the economy. In addition to the economics and data underlying CGE models, the book provides structured exercises so that readers can build and run their own models, contributing much-needed analysis on a contentious issue.' Shantayanan Devarajan, Chief Economist, Middle East and North Africa Region, World Bank
'Mary E. Burfisher is a gifted teacher and superb writer. With this book, she further establishes herself as the pre-eminent guide for those seeking an introduction to CGE analysis. Starting with a model of bicycle supply and demand, the reader's horizons are quickly expanded into an operational framework for policy analysis within an economy-wide framework.' Tom Hertel, Purdue University, Indiana
'CGE modeling is used worldwide to clarify options in many areas including trade, taxation, environment, resources, transportation and immigration. Mary E. Burfisher's book is a comprehensive, well-motivated introduction to this important field.' Peter Dixon, Centre of Policy Studies, Victoria University, Melbourne
Product details
No date availablePaperback
9781107584686
442 pages
253 × 178 × 22 mm
0.81kg
Table of Contents
- 1. Introduction to computable general equilibrium models
- 2. Elements of a computable general equilibrium model
- 3. The CGE model database
- 4. Final demand in a CGE model
- 5. Supply in a CGE model
- 6. Factors of production in a CGE model
- 7. Trade in a CGE model
- 8. Taxes in a CGE model
- 9. Regulatory policy analysis in a CGE model
- 10. Conclusion: frontiers in CGE modeling.
