COMPUTABLE GENERAL EQUILIBRIUM MODELS FOR THE CENTRAL AND EASTERN EUROPEAN EU MEMBER STATES: A SURVEY

The accession of twelve Central and Eastern European countries (CEEC) to the European Union (in 2004 and 2007) has given rise to new challenges in evaluating the effects of integration, for both the old and the new member states. These issues can only be addressed in a consistent, economy-wide framework, given that the institutional and economic changes implied by the membership process produce numerous, dynamic and complex interactions between the economic agents and sectors. Applied general equilibrium offers such a framework. This paper reviews the existing computable general equilibrium (CGE) models for the Central and Eastern European EU member states.