Chapter 20. Solution Software for Computable General Equilibrium Modeling

We describe the progress of computable general equilibrium (CGE) modeling software since the 1980s and contrast the main systems used today: GAMS, MPSGE and GEMPACK. The development of these general-purpose modeling systems has underpinned rapid growth in the use of CGE models, and allowed models to be shared and their results replicated. We show how a very simple model may be implemented and solved in all three systems. We note that they produce the same numerical results but have different strengths. We conclude by considering some challenges for the future.

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Year of publication:	2013
Authors:	Horridge, Mark ; Meeraus, Alex ; Pearson, Ken ; Rutherford, Thomas F.
Published in:	Handbook of computable general equilibrium modeling : Volume 1A - 1B. - Amsterdam : North-Holland, Elsevier, ISBN 978-0-444-59568-3. - 2013, p. 1331-1381
Subject:	CGE \| software \| GAMS \| GEMPACK \| MPSGE \| Allgemeines Gleichgewicht \| General equilibrium \| Software \| CGE-Modell \| CGE model \| Theorie \| Theory \| Computerunterstützung \| Computerized method

Type of publication:	Article
Language:	English
Other identifiers:	10.1016/B978-0-444-59568-3.00020-1 [DOI]
Classification:	C63 - Computational Techniques ; C68 - Computable General Equilibrium Models ; D58 - Computable and Other Applied General Equilibrium Models
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014025271