Handbook of Computable General Equilibrium Modeling SET, Vols. 1A and 1B

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

Top scholars synthesize and analyze scholarship on this widely used tool of policy analysis in 27 articles, setting forth its accomplishments, difficulties, and means of implementation. Though CGE modeling does not play a prominent role in top U.S. 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.

Hardbound, 1896 Pages

Published: November 2012

Imprint: North-holland

ISBN: 978-0-444-59568-3

  • Volume 1

    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 historical, 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

    Volume 2

    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
    Laurence Kotlikoff, Hans Fehr and Sabine Jokisch

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