The Chinese Economy from 1997:2015: Developing a Baseline for the MC-HUGE Model

Yin Hua Mai

Centre of Policy Studies/IMPACT Centre Working Papers from Victoria University, Centre of Policy Studies/IMPACT Centre

Abstract: MC-HUGE is a dynamic Computable General Equilibrium model of the Chinese economy. The core CGE part of the MC-HUGE model is based on that of the ORANI model. The dynamic mechanism of MC-HUGE is based on that of the MONASH model. This paper documents how the MC-HUGE model is calibrated to China's economic growth data from 1997 to 2005. It also reports how the model is used to forecast a growth path for the Chinese economy from 2005 to 2015. The historical and the forecast simulation produce a baseline or a business-as-usual scenario with which to compare the effects of any changes in economic policies or environment.

Keywords: China; CGE modelling; economic growth; oil (search for similar items in EconPapers)
JEL-codes: C68 F14 O10 (search for similar items in EconPapers)
Date: 2006-09
New Economics Papers: this item is included in nep-cmp, nep-cna, nep-ene, nep-for, nep-sea and nep-tra
References: View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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