A Standard Bank-Fund Projection Framework with CGE Features
Henning Tarp Jensen and
Finn Tarp ()
MPRA Paper from University Library of Munich, Germany
We present a SAM-methodology for integrating simple macroeconomic and CGE models, which is applied to integrate standard versions of the merged and static CGE model frameworks. The integrated model accounts for relative prices and income distribution. A set of integrated model projections is compared with a set of merged model projections. While relative price changes generally benefit poor rural households, in particular, the accompanying capital deepening of the economy benefits urban households in relative terms. The integrated model projections imply that the previous set of merged model projections overlook an undesirable - but likely -distributional impact.
Keywords: CGE model; macroeconomics; SAM-methodology; income distribution (search for similar items in EconPapers)
JEL-codes: C68 C82 E16 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:62599
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