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A regional computable general equilibrium model for Honduras: Modeling exogenous shocks and policy alternatives

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  • Morley, Samuel
  • Piñeiro, Valeria

Abstract

In this paper we develop a dynamic regional computable general equilibrium (CGE) model for Honduras that incorporates regional disaggregated sectors for agriculture. We undertook this research to address two pressing policy concerns in Honduras. First, what growth strategy should the country follow, given its severe balance of payments constraint and dependence on remittances and the price of oil? Second, what would be the impact on growth of investments in projects to increase agricultural productivity, given the importance of agriculture to the rural poor and to the Honduran economy?

Suggested Citation

  • Morley, Samuel & Piñeiro, Valeria, 2013. "A regional computable general equilibrium model for Honduras: Modeling exogenous shocks and policy alternatives," IFPRI discussion papers 1252, International Food Policy Research Institute (IFPRI).
    • Handle: RePEc:fpr:ifprid:1252
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    Keywords

    Computable General Equilibrium (CGE) model; Economic development; macroeconomic impacts; Shocks; Economic policy;
    All these keywords.

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