GEM-PIA: A real-financial general equilibrium model for poverty impact analysis technical description

Manfred Wiebelt (manfred.wiebelt@ifw-kiel.de)

No 1230, Kiel Working Papers from Kiel Institute for the World Economy (IfW Kiel)

Abstract: This paper provides a technical description of GEM-PIA, a recursive-dynamic computable General Equilibrium Model for Poverty Impact Analysis in individual countries. The model combines the optimizing behavior of CGE models with the asset portfolio behavior of macromodels, thereby addressing the role of financial markets. Moreover, the model is linked to household survey information, thereby capturing the socio-economic characteristics of individual households. GEM-PIA can be used for counterfactual analysis of external shocks as well as various policies at the macro and meso level, and to assess their allocational and distributional consequences. The model is calibrated to Bolivian data and its working is illustrated in two scenarios: A permanent rise of gas exports and a temporary devaluation.

Keywords: Portfolio Choice; Income Distribution; Poverty; Bolivia; Computable General Equilibrium Model (search for similar items in EconPapers)
JEL-codes: C68 G11 O1 R23 (search for similar items in EconPapers)
Date: 2004
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:zbw:ifwkwp:1230

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