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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 ...
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.
Dynamic stochastic general equilibrium modeling (abbreviated as DSGE, or DGE, or sometimes SDGE) is a macroeconomic method which is often employed by monetary and fiscal authorities for policy analysis, explaining historical time-series data, as well as future forecasting purposes. [1]
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.
Impact Assessment of Thailand's Promotion of Strategic Export Industries : A Computable General Equilibrium Model (CGE) Approach, EcoMod 2004 International Conference on Policy Modeling, EcoMod co-organized with the CEPII, Paris, France, July, 2004.
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 ...
Peter Bishop Dixon AO FASSA (born 23 July 1946) [1] is an Australian economist known for his work in general equilibrium theory and computable general equilibrium models. [2] He has published several books and more than two hundred academic papers on economic modelling and economic policy analysis.
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 ...