Computable General Equilibrium Modelling

Peter B. Dixon and B.R. Parmenter

No 266337, Center of Policy Studies (COPS) Impact Project Papers from Monash University Center of Policy Studies

Abstract: This paper reviews computable general equilibrium (CGE) modelling, taking as pathbreaking its starting point the contribution of Johansen (1960). It gives a brief history of the field; reviews solution procedures based on linear computations for single-period and multi-period models; sets out the theoretical structure, the data and some simulations from an illustrative model; and assesses the achievements, limitations and potential of the CGE field. The emphasis is on the role of CGE models in practical policy analysis and forecasting.

Keywords: Research; and; Development/Tech; Change/Emerging; Technologies (search for similar items in EconPapers)
Pages: 98
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Persistent link: https://EconPapers.repec.org/RePEc:ags:copspp:266337

DOI: 10.22004/ag.econ.266337

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