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Author | : John B. Shoven |
Publisher | : Cambridge University Press |
Total Pages | : 316 |
Release | : 1992-05-29 |
Genre | : Business & Economics |
ISBN | : 9780521319867 |
Download Applying General Equilibrium Book in PDF, ePub and Kindle
The central idea underlying this work is to convert the Walrasian general equilibrium structure (formalized in the 1950s by Kenneth Arrow, Gerard Debreu and others) from an abstract representation of an economy into realistic models of actual economies.
Author | : Manuel Alejandro Cardenete |
Publisher | : Springer Science & Business Media |
Total Pages | : 126 |
Release | : 2012-01-05 |
Genre | : Business & Economics |
ISBN | : 3642247458 |
Download Applied General Equilibrium Book in PDF, ePub and Kindle
This advanced textbook aims at providing a simple but fully operational introduction to applied general equilibrium. General equilibrium is the backbone of modern economic analysis and as such generation after generation of economics students are introduced to it. As an analytical tool in economics, general equilibrium provides one of the most complete views of an economy since it incorporates all economic agents (households, firms, government, foreign sector) in an integrated way that is compatible with microtheory and microdata. The integration of theory and data handling is required for successful modeling but it requires a double ability that is not found in standard books. With this book we aim at filling the gap and provide advanced students with the required tools, from the building of consistent and applicable general equilibrium models to the interpretation of the results that ensue from the adoption of policies. The topics include: model design, model development, computer code examples, calibration and data adjustments, practical policy examples.
Author | : K.R. Pearson |
Publisher | : Elsevier |
Total Pages | : 409 |
Release | : 2014-06-28 |
Genre | : Business & Economics |
ISBN | : 008093403X |
Download Notes and Problems in Applied General Equilibrium Economics Book in PDF, ePub and Kindle
"General-equilibrium" refers to an analytical approach which looks at the economy as a complete system of inter-dependent components (industries, households, investors, governments, importers and exporters). "Applied" means that the primary interest is in systems that can be used to provide quantitative analysis of economic policy problems in particular countries. Reflecting the authors' belief in the models as vehicles for practical policy analysis, a considerable amount of material on data and solution techniques as well as on theoretical structures has been included. The sequence of chapters follows what is seen as the historical development of the subject. The book is directed at graduate students and professional economists who may have an interest in constructing or applying general equilibrium models. The exercises and readings in the book provide a comprehensive introduction to applied general equilibrium modeling. To enable the reader to acquire hands-on experience with computer implementations of the models which are described in the book, a companion set of diskettes is available.
Author | : Burkhard Heer |
Publisher | : Springer Science & Business Media |
Total Pages | : 719 |
Release | : 2011-10-20 |
Genre | : Business & Economics |
ISBN | : 3540856846 |
Download Dynamic General Equilibrium Modeling Book in PDF, ePub and Kindle
Modern business cycle theory and growth theory uses stochastic dynamic general equilibrium models. In order to solve these models, economists need to use many mathematical tools. This book presents various methods in order to compute the dynamics of general equilibrium models. In part I, the representative-agent stochastic growth model is solved with the help of value function iteration, linear and linear quadratic approximation methods, parameterised expectations and projection methods. In order to apply these methods, fundamentals from numerical analysis are reviewed in detail. In particular, the book discusses issues that are often neglected in existing work on computational methods, e.g. how to find a good initial value. In part II, the authors discuss methods in order to solve heterogeneous-agent economies. In such economies, the distribution of the individual state variables is endogenous. This part of the book also serves as an introduction to the modern theory of distribution economics. Applications include the dynamics of the income distribution over the business cycle or the overlapping-generations model. In an accompanying home page to this book, computer codes to all applications can be downloaded.
Author | : Mary E. Burfisher |
Publisher | : Cambridge University Press |
Total Pages | : 443 |
Release | : 2016 |
Genre | : Business & Economics |
ISBN | : 1107132207 |
Download Introduction to Computable General Equilibrium Models Book in PDF, ePub and Kindle
The book provides a hands-on introduction to computable general equilibrium (CGE) models, written at an accessible, undergraduate level.
Author | : Victor Ginsburgh |
Publisher | : MIT Press |
Total Pages | : 580 |
Release | : 2002 |
Genre | : Business & Economics |
ISBN | : 9780262571579 |
Download The Structure of Applied General Equilibrium Models Book in PDF, ePub and Kindle
Bridges the gap between applied and theoretical general equilibrium models.
Author | : Peter B. Dixon |
Publisher | : Newnes |
Total Pages | : 1143 |
Release | : 2013-11-14 |
Genre | : Business & Economics |
ISBN | : 0444536353 |
Download Handbook of Computable General Equilibrium Modeling Book in PDF, ePub and Kindle
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
Author | : John B. Shoven |
Publisher | : Cambridge University Press |
Total Pages | : 312 |
Release | : 1992-05-29 |
Genre | : Business & Economics |
ISBN | : 9780521319867 |
Download Applying General Equilibrium Book in PDF, ePub and Kindle
The aim of this book is to make more widely available a body of recent research activity that has become known as applied general equilibrium analysis. The central idea underlying this work is to convert the Walrasian general equilibrium structure (formalized in the 1950s by Kenneth Arrow, Gerard Debreu and others) from an abstract representation of an economy into realistic models of actual economies. Numerical, empirically based general equilibrium models can then be used to evaluate concrete policy options by specifying production and demand parameters and incorporating data reflective of real economies. Shoven and Whalley describe all aspects of developing applied general equilibrium models, including developing an appropriate equilibrium structure, calibrating the model, compiling counterfactual equilibria, and interpreting results. The authors contend that the Walrasian general equilibrium model provides an ideal framework for appraising the effects of policy changes on resource allocation, assessing who gains and who loses, and the policy impacts not well covered by empirical macro models. The applications in the book illustrate a number of ways in which fresh insights are provided in long standing policy controversies.
Author | : Yves Balasko |
Publisher | : |
Total Pages | : 0 |
Release | : 2020 |
Genre | : Equilibrium (Economics). |
ISBN | : 9781788210409 |
Download General Equilibrium Book in PDF, ePub and Kindle
Written by one of the key pioneers in the field, this book offers an accessible introduction to general equilibrium theory. Written for undergraduates taking courses in economic theory and modelling who have limited mathematical proficiency, the book fills a gap between forbidding technical expositions and the less rigorous elementary ones.
Author | : Herbert E. Scarf |
Publisher | : Cambridge University Press |
Total Pages | : 0 |
Release | : 2008-08-28 |
Genre | : Business & Economics |
ISBN | : 9780521070935 |
Download Applied General Equilibrium Analysis Book in PDF, ePub and Kindle
This book presents a collection of articles on applied general equilibrium analysis by major contributors to this field. This rapidly expanding method of analysis involves the use of computers to study entire economies and the interrelationships among firms, households and governments in these economies. There are also articles on the particular computational techniques involved in the numerical estimation of these equilibrium models and on several particular applications. Papers deal with the United States, Mexican and Australian economies. Other chapters provide an analysis of long-run energy problems, fiscal federalism and economic planning.