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Analysing Economic Systems Using Computable General Equilibrium Models: The Example of Croatia

Author

Listed:
  • Irma Adelman

    (University of California at Berkeley)

  • Jasminka Sohinger

    (Faculty of Economics in Zagreb)

Abstract

Computable General Equilibrium models represent a state-of-the-art multisectoral tool for policy analysis in mixed economies. Simulations of the model provide insight into the quantitative structural effects of economic policies, taking into account interactions throughout the economy in a consistent way. The aim of this paper is to illustrate the use of CGE model in the case of the Croatian economy before the country became independent in 1991.

Suggested Citation

  • Irma Adelman & Jasminka Sohinger, 2000. "Analysing Economic Systems Using Computable General Equilibrium Models: The Example of Croatia," Zagreb International Review of Economics and Business, Faculty of Economics and Business, University of Zagreb, vol. 3(2), pages 63-79, November.
    • Handle: RePEc:zag:zirebs:v:3:y:2000:i:2:p:63-79
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    Citations

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    Cited by:

    1. Ozana Nadoveza & Marija Penava, 2016. "Building Computable General Equilibrium Model Of Croatia," EFZG Working Papers Series 1605, Faculty of Economics and Business, University of Zagreb.
    2. Milan Deskar-Škrbiæ, 2018. "Dynamic effects of fiscal policy in Croatia: confronting New-Keynesian SOE theory with empirics," Zbornik radova Ekonomskog fakulteta u Rijeci/Proceedings of Rijeka Faculty of Economics, University of Rijeka, Faculty of Economics and Business, vol. 36(1), pages 83-102.

    More about this item

    Keywords

    General equilibrium; simulations; structural adjustment; economic policy;
    All these keywords.

    JEL classification:

    • B21 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Microeconomics
    • D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models

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