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Theory and Programming of Computable General Equilibrium (CGE) Models cover
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This book adopts a typical textbook approach and format for CGE beginners to learn and master the subject. It explains the economics theory behind the CGE models. The learning proceeds step by step from basic economic theories to advanced topics, from simple to more comprehensive CGE structures along with the corresponding computer programs. Each chapter reviews relevant economic theories; illustrates new material with examples, diagrams and exercises; and provides the mathematical models along with the GAMS computer programing codes. At the end of a chapter, exercises are assigned for practice and enhancing understanding.

GAMS programs (55 KB)

Sample Chapter(s)
Preface
Chapter 1: Introduction

Contents:

    See Detailed Table of Contents

  • Preface
  • About the Author
  • Introduction
  • Input–Output Models and Tables
  • Prices in Input–Output Tables and Models
  • SAM (Social Accounting Matrix) Table
  • Balancing SAM Tables
  • General Equilibrium Theory and Its Application
  • Supply and Demand Functions of Enterprises
  • CGE Models with Non-Linear Production Functions
  • Utility Function and Households' Demand
  • Price Numeraire and Macro Closures
  • Government, Taxes, and Prices
  • Savings and Investment
  • Activities, Trade and Transport Margins
  • CGE Models in Open Economies
  • Complexities in Data and Modeling
  • Subaccounts and Subprograms
  • Assessing Outcomes and Refining the Model
  • Limitations and Extensions of the Standard CGE Model
  • GAMS Program Codes Used in CGE Models
  • Variables and Parameters in Mathematical Expression, Chapters 8–17
  • Variables and Parameters in GAMS Programs
  • Appendix: The Openland2 Model
  • Bibliography
  • Index
Readership: It is a textbook for MA and PhD level students/courses in economics, public policy, environmental sciences, business, agricultural sciences, economic and development planning, and regional science. It can also be a self-learning or a reference book for scholars and researchers in the above areas.