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Back to the Future: Dynamic Baselines in CGE Modeling

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  • van der Mensbrugghe, Dominique

Abstract

This paper describes the methodology used at the World Bank to develop dynamic scenarios using the Bank's global computable general equilibrium model. The dynamic CGE has been used in a number of contexts over the last 10 years including analysis of international trade policies, international migration, long-term development and structural change, the Bank's poverty forecast and more recently long-term commodity supply and prices and climate change scenarios. Though building dynamic scenarios requires significantly more exogenous inputs than the more standard comparative static analysis, it also leads to a richer set of policy questions that lie at the heart of many development issues.

Suggested Citation

  • van der Mensbrugghe, Dominique, 2009. "Back to the Future: Dynamic Baselines in CGE Modeling," Conference papers 331825, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    • Handle: RePEc:ags:pugtwp:331825
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    File URL: https://ageconsearch.umn.edu/record/331825/files/4435.pdf
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    References listed on IDEAS

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