Handbook of Computable General Equilibrium Modeling: Volume 1a

ISBN-13: 9780444536341 / Angielski / Twarda / 2012 / 888 str.

Peter Dixon

Opis

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

Recenzje

"The chapters in this volume address many of the most challenging economic policy issues facing both developed and developing countries and regions. The book is required reading for anyone wishing to understand the power and range of computable general equilibrium modelling as an input to strategy analysis and policy making." --Larry Dwyer, University of New South Wales

"The rich CGE applications presented in this volume show that CGE modeling is a vital tool for policy analysis. These chapters will be valuable resources for students and scholars who are interested in new insights and developments." --Jian Xie, The World Bank

"This volume is a clearly written, comprehensive review of the state of the art in CGE modeling, and will be of great value both to those who do CGE modeling and those who use CGE model results for policy analysis and evaluation." --David G. Abler, Pennsylvania State University

Spis treści

Section 1.  Overview 1. An introduction to CGE modeling   Peter B. Dixon and Dale W. Jorgenson

Section 2.  Single-Country CGE Projects 2. The MONASH style of CGE modeling: a framework for hisorical, decomposition, forecast and policy simulations   Peter B. Dixon, Robert B. Koopman and Maureen T. Rimmer 3. CGE assessments of fiscal sustainability in Norway   Erling Holmoy 4. MAMS - a Computable General Equilibrium Model for Developing Country Strategy Analysis   Hans Lofgren, Martin Cicowiez and Carolina Diaz-Bonilla 5. The contribution of CGE modeling to policy formulation in developing countries   Sherman Robinson and Shantayanan Devarajan 6. Putting services and foreign direct investment into CGE models: reflections on the use of CGE models in policy discussions   David Tarr 7. Regional CGE Modeling   John R. Madden and James A. Giesecke 8. IGEM: a model of U.S. economic growth and the environment   Dale W. Jorgenson, Peter Wilcoxen and Mun Ho 9. Energy and Environment Modeling in Australia   Philip D. Adams and Brian R. Parmenter 10. Tax reform, the cost of capital, and U.S. economic growth    Dale W. Jorgenson and Kun-Young Yun 11. Dynamic overlapping generations computational general equilibrium models and the analysis of tax policy   John W. Diamond and George R. Zodrow

Section 3.  Global CGE Projects 12. Applied General Equilibrium Analysis using the GTAP Framework   Thomas Hertel 13. Estimating effects of price-distorting policies using alternative distortions databases     Kym Anderson, Will Martin and Dominique van der Mensbrugghe 14. Global Dynamic Scenarios-Structural and Environmental Implications    Dominique van der Mensbrugghe 15. Energy and environment, a global approach: G-cubed   Warwick J. McKibbin 16. Integrated economic and climate modeling     William Nordhaus

Section 4.  CGE Data, Parameter Estimation, Validation and Computation 17. An econometric approach to general equilibrium modeling    Dale W. Jorgenson, Hui Jin and Daniel T. Slesnick 18. Trade Elasticity Parameters for a CGE Model   Russell Hillberry and David Hummels 19. Validation of CGE models   Peter B. Dixon and Maureen T. Rimmer 20. Solution Software for CGE Modeling   Mark Horridge, Alex Meeraus, Ken Pearson and Thomas F, Rutherford

Section 5.  Advancing CGE Methodology 21. Income distribution and Computable General Equilibrium models: macro-  micro modelling   Francois Bourguignon and Maurizio Bussolo 22. The New Keynesian approach to dynamic general equilibrium modeling: models, methods and macroeconomic policy evaluation   Volker Wieland and Sebastian Schmidt 23. Computing general equilibrium theories of monopolistic competition and heterogeneous firms   Edward J. Balistreri and Thomas F, Rutherford 24. Market Structure in CGE Models of International Trade   Joseph Francois, Miriam Manchin and Will Martin 25. CGE modeling of trade in services   Joseph Francois and Bernard Hoekman 26. Labor market modeling in a CGE context   Stefan Boeters and Luc Savard 27. Aging and social insurance in a CGE framework (provisional title)   Laurence Kotlikoff, Hans Fehr and Sabine Jokisch

O autorze

Sir John Monash Distinguished Professor, Centre of Policy Studies, Monash University, Australia Professor of Economics, Harvard University, Cambridge, Mass USA