Egypt's Experience from CGE Modeling: A Critical Review

Hans Lofgren

No 9411, Working Papers from Economic Research Forum

Abstract: This paper reviews Egypt's experience of SAM-based CGE modeling, dating back to the mid-1970s. Its purpose is to extract lessons for the future application of such models to Egypt and other LDCs. The paper provides a detailed review of seven models, covering their data bases, key aspects of their structures (with regard to production, consumption, foreign trade, micro and macro closures), as well as policy simulations. It is concluded with critical observations and suggestions for future research.

Date: 1994-04-08, Revised 1994-04-08
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Published by The Economic Research Forum (ERF)

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