Handbook of Computable General Equilibrium Modeling

Edited by

Peter Dixon, Professor and Principal Researcher, Centre of Policy Studies, Monash University, Victoria, Australia
Dale Jorgenson, Professor of Economics, Harvard University, Cambridge Mass USA

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.

Audience
Graduate students and professors worldwide working in all subdisciplines of economics and finance.

Buy this

Hardbound, 888 Pages

Published: November 2012

Imprint: North-holland

ISBN: 978-0-444-53634-1

Reviews

"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

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. economic growth and the environment
  Dale W. Jorgenson, Peter Wilcoxen and Mun Ho
9. Energy and Environment Modeling in Australia
  Philip D. Adams and Brian R. Parmenter
10. Tax reform, the cost of capital, and U.S. economic growth
  Dale W. Jorgenson and Kun-Young Yun
11. Dynamic overlapping generations computational general equilibrium models               and the analysis of tax policy
  John W. Diamond and George R. Zodrow
Section 3. Global CGE Projects
12. Applied General Equilibrium Analysis using the GTAP Framework
  Thomas Hertel
13. Estimating effects of price-distorting policies using alternative distortions databases
  Kym Anderson, Will Martin and Dominique van der Mensbrugghe
14. Global Dynamic Scenarios-Structural and Environmental Implications
  Dominique van der Mensbrugghe
15. Energy and environment, a global approach: G-cubed
  Warwick J. McKibbin
16. Integrated economic and climate modeling
  William Nordhaus
Section 4. CGE Data, Parameter Estimation, Validation and Computation
17. An econometric approach to general equilibrium modeling
  Dale W. Jorgenson, Hui Jin and Daniel T. Slesnick
18. Trade Elasticity Parameters for a CGE Model
  Russell Hillberry and David Hummels
19. Validation of CGE models
  Peter B. Dixon and Maureen T. Rimmer
20. Solution Software for CGE Modeling
  Mark Horridge, Alex Meeraus, Ken Pearson and Thomas F, Rutherford
Section 5. Advancing CGE Methodology
21. Income distribution and Computable General Equilibrium models: macro- micro modelling
  Francois Bourguignon and Maurizio Bussolo
22. The New Keynesian approach to dynamic general equilibrium modeling: models, methods and macroeconomic policy evaluation
  Volker Wieland and Sebastian Schmidt
23. Computing general equilibrium theories of monopolistic competition and heterogeneous firms
  Edward J. Balistreri and Thomas F, Rutherford
24. Market Structure in CGE Models of International Trade
  Joseph Francois, Miriam Manchin and Will Martin
25. CGE modeling of trade in services
  Joseph Francois and Bernard Hoekman
26. Labor market modeling in a CGE context
  Stefan Boeters and Luc Savard
27. Aging and social insurance in a CGE framework (provisional title)
  Laurence Kotlikoff, Hans Fehr and Sabine Jokisch

Handbook of Computable General Equilibrium Modeling

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