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Multiregional computational general equilibrium-overlapping generations model for the Russian economy and the world

Author

Listed:
  • Kazakova Maria

    (Gaidar Institute for Economic Policy)

  • Zubarev Andrei

    (Gaidar Institute for Economic Policy)

  • Nesterova Kristina

    (Gaidar Institute for Economic Policy)

Abstract

Multiregional computational general equilibrium-overlapping generations models (multiregional CGE-OLG models) allow quantitatively estimate the long-term effect of the change in macroeconomic conditions on economic growth and generations’ well-being. The following scenarios have been analyzed using this model. Shock scenario with the fall of oil and gas revenues was analyzed. As a response to this shock, a scenario of debt financing of the same level of state expenditure was examined. The effects of pension age rise in Russia are also modeled.

Suggested Citation

  • Kazakova Maria & Zubarev Andrei & Nesterova Kristina, 2018. "Multiregional computational general equilibrium-overlapping generations model for the Russian economy and the world," Research Paper Series, Gaidar Institute for Economic Policy, issue 177P, pages 1-80.
    • Handle: RePEc:gai:rpaper:rpaper-2018-177p-932
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    More about this item

    Keywords

    Russian economy; CGE-OLG models;

    JEL classification:

    • F0 - International Economics - - General
    • F20 - International Economics - - International Factor Movements and International Business - - - General
    • H0 - Public Economics - - General
    • H2 - Public Economics - - Taxation, Subsidies, and Revenue
    • H3 - Public Economics - - Fiscal Policies and Behavior of Economic Agents
    • J20 - Labor and Demographic Economics - - Demand and Supply of Labor - - - General

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