A VIRTUAL DYNAMIC APPLIED GENERAL EQUILIBRIUM MODEL OF AFRICA: SPECIFICATIONS AND SIMULATIONS

Godwin Nwaobi ()

Computational Economics from University Library of Munich, Germany

Abstract: AFRICAN ECONOMIC PERFORMANCE HAS BEEN MARKEDLY WORSE THAN THAT OF OTHER REGIONS. THUS, THE GOVERNMENTS OF AFRICAN COUNTRIES HAVE ASSUMED MAJOR RESPONSIBILITIES FOR ECONOMIC REFORMS AND GROWTH. ALONG WITH THESE RESPONSIBILITIES HAS COME AN INCREASED AWARENESS OF THE INTERRELATEDNESS OF DIFFERENT SECTORS OF A NATIONAL ECONOMY AND THAT OF THE NEED FOR COORDINATION OF POLICIES THAT HAD PREVIOUSLY BEEN DEBATED IN TERMS OF THEIR DIRECT IMPACTS ON INDIVIDUAL SECTORS. THEREFORE THIS RESEARCH PAPER PROPOSES A MULTI-REGIONAL DYNAMIC APPLIED GENERAL EQUILIBRIUM FRAMEWORK WITHIN WHICH TO STUDY A VERY WIDE RANGE OF ECONOMIC PROBLEMS THAT HAVE ALWAYS BEEN PRESENTED IN ISOLATION FROM ONE ANOTHER. AS A RESEARCH OUTPUT, A PROTOTYPE VIRTUAL ECONOMY MODEL OF AFRICA IS DEMONSTRATED.

Keywords: AFRICAN ECONOMY; MULTI-REGIONAL; DYNAMIC APPLIED GENERAL EQUILIBRIUM; VIRTUAL ECONOMY; SIMULATIONS (search for similar items in EconPapers)
JEL-codes: C63 C67 C68 D58 (search for similar items in EconPapers)
Date: 2003-12-26
New Economics Papers: this item is included in nep-mic
Note: Type of Document - pdf; prepared on win98; to print on hp;
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Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpco:0312004

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