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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
- Sales Rank: #3250685 in Books
- Published on: 2012-11-30
- Original language: English
- Number of items: 1
- Dimensions: 9.25" h x 1.75" w x 7.52" l, 3.65 pounds
- Binding: Hardcover
- 888 pages
Review
"The chapters in this volume address many of the most challenging economic policy issues facing both developed and developing countries and regions. The book is required reading for anyone wishing to understand the power and range of computable general equilibrium modelling as an input to strategy analysis and policy making."
--Larry Dwyer, University of New South Wales
"The rich CGE applications presented in this volume show that CGE modeling is a vital tool for policy analysis. These chapters will be valuable resources for students and scholars who are interested in new insights and developments."
--Jian Xie, The World Bank
"This volume is a clearly written, comprehensive review of the state of the art in CGE modeling, and will be of great value both to those who do CGE modeling and those who use CGE model results for policy analysis and evaluation."
--David G. Abler, Pennsylvania State University
From the Back Cover
What is Computable General Equilibrium Modeling?
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.
About the Author
Sir John Monash Distinguished Professor, Centre of Policy Studies, Monash University, Australia
Professor of Economics, Harvard University, Cambridge, Mass USA
Most helpful customer reviews
1 of 1 people found the following review helpful.
Review by Laurence Kotlikoff
By Larry Kotlikoff
Economies are tremendously complicated dynamic systems. Economists can get insights about them by looking at toy mathematical models. But we can't get a real handle on how they function without large scale simulation computable general equilibrium models. This book, written by the top practitioners in the field, puts readers on the frontier of CGE modeling and also teaches us how real economies will likely operate over time and in response to changes in policy, demographics, and technology. It's a must read for anyone who wants to learn where economics is and where it's going.
1 of 1 people found the following review helpful.
Excellent resource for applied economics classes
By BK
This volume represents the latest thinking about the construction and use of applied general equilibrium models. It is an excellent resource for any course on applied economics classes, allowing students to see and understand some of the most interesting applications by the world's best applied modelers. A necessary addition to any economics research library. Detail rich, well written, and a great resource for instructors and students.
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