Handbook of Computable General Equilibrium Modeling [Hardcover]

In this collection of 16 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

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. elÓq