The US Economy from 1992 to 1998: Results from a Detailed CGE Model

Peter Dixon and Maureen Rimmer

The Economic Record, 2004, vol. 80, issue s1, S13-S23

Abstract: This paper describes historical and decomposition simulations undertaken for 1992–98 with a 500‐sector computable general equilibrium model of the US. The historical simulation provides estimates of movements in unobservable technology and preference variables. The decomposition simulation explains developments in the US economy in terms of movements in these variables and in observable exogenous variables such as tariffs. Both simulations produce many results. Here we use decomposition results to show that rapid growth in US international trade is explained mainly by technology changes that reduced costs in export‐orientated industries and increased inputs of commodities that are heavily imported.

Date: 2004
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (45)

Downloads: (external link)
https://doi.org/10.1111/j.1475-4932.2004.00180.x

Related works:
Working Paper: The US economy from 1992 to 1998: results from a detailed CGE model (2004)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:ecorec:v:80:y:2004:i:s1:p:s13-s23

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0013-0249

Access Statistics for this article

The Economic Record is currently edited by Paul Miller, Glenn Otto and Martin Richardson

More articles in The Economic Record from The Economic Society of Australia Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().