Computation

Nobuhiro Hosoe, Kenji Gasawa and Hideo Hashimoto

Chapter 3 in Textbook of Computable General Equilibrium Modelling, 2010, pp 23-40 from Palgrave Macmillan

Abstract: Abstract Chapter 2 provided a mathematical presentation of the ‘simple CGE model’ with its theoretical underpinnings based in standard microeconomics. However, the general equilibrium of an economy cannot be ‘computed’ only with this mathematical model. The CGE modelling needs two more steps. The first step is to prepare a computer program of the CGE model, using GAMS syntax. This step is covered in this chapter. The second step is to construct a social accounting matrix (SAM) on the basis of empirical data and then to estimate coefficients and exogenous variables such as the share coefficient of the utility function ± i and the factor endowments FF h . This second step is discussed in Chapters 4 and 5.

Keywords: Utility Function; Mathematical Expression; Endogenous Variable; Input File; Output File (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-28165-3_3

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DOI: 10.1057/9780230281653_3

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