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Documentation and Use of DYNAGEM: A Dynamic Applied General Equilibrium Model for Policy Analysis

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  • Diao, Xinshen

Abstract

This report documents the Dynamic Applied General Equilibrium Model (DYNAGEM) developed at the U.S. Department of Agriculture's Economic Research Service to analyze issues of regional integration. In contrast with static CGE models, DYNAGEM endogenizes major intertemporal economic behavior, such as investment, savings, and international capital flows. The model can more satisfactorily analyze economic adjustment processes induced by a policy change in both the short- and medium-run. Here, the model is applied to NAFTA to illustrate the framework's ability to gauge policy impacts.

Suggested Citation

  • Diao, Xinshen, 1999. "Documentation and Use of DYNAGEM: A Dynamic Applied General Equilibrium Model for Policy Analysis," Staff Reports 278834, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uerssr:278834
    DOI: 10.22004/ag.econ.278834
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    References listed on IDEAS

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    1. Mercenier, Jean & Michel, Philippe, 1994. "Discrete-Time Finite Horizon Appromixation of Infinite Horizon Optimization Problems with Steady-State Invariance," Econometrica, Econometric Society, vol. 62(3), pages 635-656, May.
    2. Imada-Iboshi, Pearl & McCleery, Robert, 1994. "Estimating the medium-term impact of NAFTA on production, trade, and employment," The North American Journal of Economics and Finance, Elsevier, vol. 5(2), pages 169-183.
    3. -, 1996. "NAFTA implementation in the United States: the first two years," Oficina de la CEPAL en Washington (Estudios e Investigaciones) 28957, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
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