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A Complementarity Approach to Solving Computable General Equilibrium Models

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  • Sou-Cheng Choi

Abstract

Computable general equilibrium (CGE) models play a central role in modern economic modeling, bearing on a wide range of important applications in international climate and trade policies, growth and development of countries, national income distribution and equality studies. We formulate a canonical CGE model as a complementarity problem and introduce CIM-EARTH, a collection of open-source extended mathematical programming (EMP) frameworks written in AMPL and C++ for automatically generating and solving the resultant complementarity problems. Copyright Springer Science+Business Media New York 2015

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  • Sou-Cheng Choi, 2015. "A Complementarity Approach to Solving Computable General Equilibrium Models," Computational Economics, Springer;Society for Computational Economics, vol. 46(2), pages 305-323, August.
    • Handle: RePEc:kap:compec:v:46:y:2015:i:2:p:305-323
    DOI: 10.1007/s10614-014-9462-7
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    References listed on IDEAS

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    1. Adelman, Irma & Robinson, Sherman, 1989. "Income distribution and development," Handbook of Development Economics, in: Hollis Chenery & T.N. Srinivasan (ed.), Handbook of Development Economics, edition 1, volume 2, chapter 19, pages 949-1003, Elsevier.
    2. Elliott Joshua & Foster Ian & Judd Kenneth & Moyer Elisabeth & Munson Todd, 2010. "CIM-EARTH: Framework and Case Study," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 10(2), pages 1-34, December.
    3. Loschel, Andreas, 2002. "Technological change in economic models of environmental policy: a survey," Ecological Economics, Elsevier, vol. 43(2-3), pages 105-126, December.
    4. Lee, Huey-Lin & Hertel, Thomas & Rose, Steven & Avetisyan, Misak, 2008. "An Integrated Global Land Use Data Base for CGE Analysis of Climate Policy Options," GTAP Working Papers 2603, Center for Global Trade Analysis, Department of Agricultural Economics, Purdue University.
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