COMPUTABLE GENERAL EQUILIBRIUM MODEL FOR THE REPUBLIC OF MOLDOVA

Elvira Naval ()
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Elvira Naval: Associate Researcher, Institute of Mathematics and Computer Science, Republic of Moldova

Economy and Sociology, 2018, issue 2, 55-64

Abstract: This article is devoted to the construction of a small Computable General Equilibrium model for the Republic of Moldova using Social Accounting Matrix build on the statistical data, 2015 as the base year. The model 1-2-3 formed a base for constructing Computable General Equilibrium Model. Using data from SAM, Lagrange method, optimization techniques, the model has been adjusted to the real situation from the Republic of Moldova. It means that all coefficients of the behavioral functions have been determined. Then, the obtained model has been applied to assess the economic evolution of Moldova based on diverse exogenous scenarios. Actuality of this research consists in elaborating new techniques – SAM (for the first time in the Republic of Moldova) for economic analysis and simulation calculus using the General Equilibrium Model.

Keywords: Social Accounting Matrix; Computable General Equilibrium Model; 1-2-3 model; Lagrange method; optimization methods; simulation calculus (search for similar items in EconPapers)
JEL-codes: C61 C68 (search for similar items in EconPapers)
Date: 2018
Note: UDC: 339.5(478)/519.8
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Persistent link: https://EconPapers.repec.org/RePEc:aat:journl:346

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