Building Computable General Equilibrium Model Of Croatia
Ozana Nadoveza and
Marija Penava ()
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Marija Penava: Faculty of Economics and Business, University of Zagreb
No 1605, EFZG Working Papers Series from Faculty of Economics and Business, University of Zagreb
In this paper we describe the structure of the computable general equilibrium (CGE) model and data that enables estimation of certain policy changes in Croatia. Namely, we build a 5-sector (households, firms, government, investors and foreigners) economy model while our economy is disaggregated on three highly aggregated sectors. Afterwards, we present Croatian data which enables us to simulate the model in Nadoveza, Sekur and Penava (upcoming). These data are seen as snapshot of established equilibrium in 2010 in Croatia and they represent the main input for the CGE models. Finally, we conduct the reality check of our calibrated parameters.
Keywords: Computable general equilibrium model; small open economy; social accounting matrix; Croatia (search for similar items in EconPapers)
JEL-codes: C60 C68 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:zag:wpaper:1605
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