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Computable general equilibrium (CGE) models are a class of economic models that use actual economic data to estimate how an economy might react to changes in policy, technology or other external factors. CGE models are also referred to as AGE (applied general equilibrium) models. A CGE model consists of equations describing model variables and ...
This includes courses on basic computational modelling and dynamic general equilibrium modelling. [22] The standard GTAP Model, which serves as a maquete or framework model linking the database to a basic general equilibrium system, was developed with the GEMPACK suite of software [23] but is also implemented using the GAMS suite of software. [24]
The structural equilibrium model is a matrix-form computable general equilibrium model in new structural economics. [30] [31] This model is an extension of the John von Neumann's general equilibrium model (see Computable general equilibrium for details). Its computation can be performed using the R package GE.
SAMs form the backbone of computable general equilibrium (CGE) Models and various types of empirical multiplier models. Appropriately formatted SAMs depict the spending patterns of an economy, as with IMPLAN and RIMS II data, and can be used in economic impact analysis.
Computable general equilibrium models; Harmonization of microdata from household surveys. Design and implementation of surveys. Courses in Argentina and abroad, ...
AGE models, being based on Arrow–Debreu general equilibrium theory, work in a different manner than CGE models.The model first establishes the existence of equilibrium through the standard Arrow–Debreu exposition, then inputs data into all the various sectors, and then applies Scarf’s algorithm (Scarf 1967a, 1967b and Scarf with Hansen 1973) to solve for a price vector that would clear ...
Input–output accounts are part and parcel to a more flexible form of modelling, computable general equilibrium models [a]. Two additional difficulties are of interest in transportation work. There is the question of substituting one input for another, and there is the question about the stability of coefficients as production increases or ...
Computable general equilibrium (CGE) models are a class of economic models that use actual economic data to estimate how an economy might react to changes in policy, technology or other external factors. CGE models are also referred to as AGE (applied general equilibrium) models. A CGE model consists of equations describing model variables and ...