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An Applied Model: The CGE Mini Model

Ronny Norén
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Ronny Norén: Mid Sweden University

Chapter Chapter 5 in Equilibrium Models in an Applied Framework, 2013, pp 73-97 from Springer

Abstract: Abstract In this chapter a CGE model (the CGE mini model) is presented. The model is simple enough to be presented in a few pages and yet complicated enough to demonstrate the application of the general CGE structure. In short, the focus of this chapter is to provide examples of structural adjustment in an open economy. The numerical applications of this chapter will be an examination of the sensitivity of the model to systematic variation in key variables of the adjustment process. Here we emphasise the effect of changes (government intervention) in the fixed rate of real exchange and growth in the capital stock.

Keywords: Capital Stock; Real Exchange Rate; Foreign Currency; Employment Result; Domestic Currency (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:spr:lnechp:978-3-642-34994-2_5

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DOI: 10.1007/978-3-642-34994-2_5

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