UID:
almafu_9960117774402883
Format:
1 online resource (xvi, 425 pages) :
,
digital, PDF file(s).
Edition:
Second edition.
ISBN:
1-316-88904-1
,
1-316-88981-5
,
1-316-45074-0
Content:
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.
Note:
Title from publisher's bibliographic system (viewed on 28 Feb 2017).
,
Cover -- Half title -- Title -- Copyright -- Dedication -- Contents -- List of Text Boxes -- Acknowledgments -- About This Book -- Objectives -- What's New in the Second Edition -- Organization -- Resources for New CGE Modelers -- For the Instructor -- 1. Introduction to Computable General Equilibrium Models -- Economic Models, Economists' Toys -- What Is a Computable General Equilibrium Model? -- A Standard CGE Model -- CGE Model Structure -- CGE Model Database -- CGE Model Applications -- Summary -- Key Terms -- Practice and Review -- 2. Elements of a Computable General Equilibrium Model -- Sets -- Endogenous Variables -- Exogenous Variables -- Model Closure -- Exogenous Parameters -- Equations -- Macroclosure -- Nonlinear and Linearized CGE Models -- Model Calibration -- Normalizing Prices -- Price Linkages -- Numeraire -- Structure of a CGE Model -- Summary -- Key Terms -- Practice and Review -- 3. The CGE Model Database -- Introduction to the Social Accounting Matrix -- Accounts in a SAM -- Microeconomic Data in a SAM -- Macroeconomic Data in a SAM -- Structure Table -- Updating the SAM -- Elasticities Database -- Summary -- Key Terms -- Practice and Review -- 4. Final Demand in a CGE Model -- Final Demand Data in a SAM -- Income Data in a SAM -- Two-Stage Domestic Final Demand -- Utility-Maximizing Private Households -- Demand Response to Income Changes -- Demand Response to Relative Price Changes -- Comparing Utility Functions Used in CGE Models -- Import Demand -- Export Demand -- Consumer Welfare -- Summary -- Key Terms -- Practice and Review -- Technical Appendix 4.1: Elasticity Parameters in Utility Functions -- 5. Supply in a CGE Model -- Production Data in a SAM -- Input-Output Coefficients -- Producer Behavior in a CGE Model -- Technology Tree and Nested Production Functions -- Intermediate Input Demand.
,
Factor (Value-Added) Demand -- Combining Intermediate Inputs and Factors -- Input Prices and Level of Output -- Export Supply -- Summary -- Key Terms -- Practice and Review -- Technical Appendix 5.1: Inputs as Substitutes or Complements - Energy Nesting in CGE Models of Climate Change Mitigation -- 6. Factors of Production in a CGE Model -- Factors of Production Data in a SAM -- Factor Mobility -- Factor Endowment Change -- Factors as Complements and Substitutes -- Factor Productivity Change -- Factor Unemployment -- Factors and Structural Change -- Summary -- Key Terms -- Practice and Review -- 7. Trade in a CGE Model -- Trade Data in a SAM -- Exchange Rates -- Terms of Trade -- Trade Theory in CGE Models -- Factor Endowment Changes, Trade, and Terms of Trade -- World Price Changes and Factor Income Distribution -- Booming Sector, Dutch Disease -- Trade Margins in International Trade -- Summary -- Key Terms -- Practice and Review -- 8. Taxes in a CGE Model -- Trade Taxes -- Production Taxes -- Sales (and Intermediate Input) Taxes -- Factor Use Taxes -- Income Taxes -- Second-Best Efficiency Effects -- Marginal Welfare Burden of a Tax -- Preferential Tariffs -- Summary -- Key Terms -- Practice and Review -- 9. Regulations in a CGE Model -- Types of Regulations -- Non-Tariff Measures in International Trade -- Regulations to Correct Negative Production Externalities -- Summary -- Key Terms -- Practice and Review -- 10. Conclusion: Frontiers in CGE Modeling -- Model Exercises -- Introduction -- Model Exercise 1: Set Up the GTAP Model and Database -- Model Exercise 2: Explore the GTAP Model and Database -- Model Exercise 3: Run the GTAP Model -- Model Exercise 4: Soaring Food Prices and the U.S. Economy -- Model Exercise 5: Food Fight: Agricultural Production Subsidies -- Model Exercise 6: How Immigration Can Raise Wages.
,
Model Exercise 7: The Doha Development Agenda -- Model Exercise 8: The Marginal Welfare Burden of the U.S. Tax System -- Model Exercise 9: Climate Change - the World in 2050 -- Model Exercise 10: Successful Quitters - The Economic Effects of Growing Antismoking Attitudes -- Model Exercise 11: Deep Integration: Removing Tariffs and NTMs in the T-TIP -- Appendix A: Social Accounting Matrix for the United States, 2007 U.S. Billions -- Appendix B: Price and Quantity Variables and Definitions in a Standard CGE Model -- Glossary -- Practice and Review Answer Key -- Chapter 1 -- Chapter 2 -- Chapter 3 -- Chapter 4 -- Chapter 5 -- Chapter 6 -- Chapter 7 -- Chapter 8 -- Chapter 9 -- Model Exercise Answer Key -- Model Exercise 2 -- Model Exercise 3 -- Model Exercise 4 -- Model Exercise 5 -- Model Exercise 6 -- Model Exercise 7 -- Model Exercise 8 -- Model Exercise 9 -- Model Exercise 10 -- Model Exercise 11 -- References -- Author Index -- Subject Index.
Additional Edition:
ISBN 1-107-58468-X
Additional Edition:
ISBN 1-107-13220-7
Language:
English
URL:
https://doi.org/10.1017/9781316450741
URL:
https://doi.org/10.1017/9781316450741
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