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Introduction to Computable General Equilibrium Models

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  • Burfisher,Mary E.

Abstract

Computable general equilibrium (CGE) models play an important role in supporting public-policy making on such issues as trade, climate change and taxation. This significantly revised volume, keeping pace with the next-generation standard CGE model, is the only undergraduate-level introduction of its kind. The volume utilizes a graphical approach to explain the economic theory underlying a CGE model, and provides results from simple, small-scale CGE models to illustrate the links between theory and model outcomes. Its eleven hands-on exercises introduce modelling techniques that are applied to real-world economic problems. Students learn how to integrate their separate fields of economic study into a comprehensive, general equilibrium perspective as they develop their skills as producers or consumers of CGE-based analysis.

Suggested Citation

  • Burfisher,Mary E., 2021. "Introduction to Computable General Equilibrium Models," Cambridge Books, Cambridge University Press, number 9781108748025, October.
    • Handle: RePEc:cup:cbooks:9781108748025
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    Cited by:

    1. Perobelli, Fernando Salgueiro & Afonso, Damares Lopes & Bastos, Suzana Quinet de Andrade, 2021. "Latin America and China: mutual benefit or dependency?," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), December.
    2. Bergquist, Lauren & Faber, Benjamin & Fally, Thibault & Hoelzlein, Matthias & Miguel, Edward & Rodríguez-Clare, Andres, 2022. "Scaling Agricultural Policy Interventions," CEPR Discussion Papers 17737, C.E.P.R. Discussion Papers.
    3. Banerjee, Onil & Cicowiez, Martín & Vargas, Renato & Molina-Perez, Edmundo & Bagstad, Kenneth J. & Malek, Žiga, 2024. "The economics of decarbonizing Costa Rica's agriculture, forestry and other land uses sectors," Ecological Economics, Elsevier, vol. 218(C).
    4. Kamel Almutairi & Ramzi Alahmadi, 2023. "Assessing the Impact of the Recent Unprecedented World Events on the Economic and Environmental Conditions of Saudi Arabia," Sustainability, MDPI, vol. 15(2), pages 1-14, January.
    5. Acosta, Alejandro & McCorriston, Steve & Nicolli, Francesco & Venturelli, Ester & Wickramasinghe, Upali & ArceDiaz, Eduardo & Scudiero, Lavinia & Sammartino, Alejandro & Schneider, Fritz & Steinfeld, , 2021. "Immediate effects of COVID-19 on the global dairy sector," Agricultural Systems, Elsevier, vol. 192(C).
    6. Akiko Higashi & Ken Itakura & Yushi Inoue & Hiroaki Otake, 2022. "Analysis of the change in the structure of the Japanese power supply using the GTAP-E-power model," SN Business & Economics, Springer, vol. 2(9), pages 1-22, September.
    7. Osanya, Jessica & Reimer, Jeff J., 2024. "Economywide Impacts of the Supplemental Nutrition Assistance Program," 2024 Annual Meeting, July 28-30, New Orleans, LA 343900, Agricultural and Applied Economics Association.
    8. Chukiat Chaiboonsri, 2024. "The Potential Analytical Impact of Significant Sectoral Creative Economy on Thailand’s Economy: A Case Study of the IRS-CGE Model vs. the CRS-CGE Model for Both the National and Provincial Economies," Economies, MDPI, vol. 12(2), pages 1-21, February.
    9. Nejati, Mehdi & Shah, Muhammad Ibrahim, 2023. "How does ICT trade shape environmental impacts across the north-south regions? Intra-regional and Inter-regional perspective from dynamic CGE model," Technological Forecasting and Social Change, Elsevier, vol. 186(PB).
    10. Liu, Li-Jing & Yao, Yun-Fei & Liang, Qiao-Mei & Qian, Xiang-Yan & Xu, Chun-Lei & Wei, Si-Yi & Creutzig, Felix & Wei, Yi-Ming, 2021. "Combining economic recovery with climate change mitigation: A global evaluation of financial instruments," Economic Analysis and Policy, Elsevier, vol. 72(C), pages 438-453.
    11. Jayson Beckman & Michael E. Johnson & Maros Ivanic, 2024. "Agriculture and AfCFTA: NTM reductions increase intra‐Africa trade," Agricultural Economics, International Association of Agricultural Economists, vol. 55(2), pages 200-222, March.
    12. Roberto Roson, 2022. "Underemployment in a Computable General Equilibrium Model," Working Papers 2022:17, Department of Economics, University of Venice "Ca' Foscari".

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