Equilibrium Models in an Applied Framework : Industrial Structure and Transformation

Online-Ressource (XVI, 136 p, digital)

Lecture Notes in Economics and Mathematical Systems ; 667

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Equilibrium Models in an Applied Framework; Industrial Structure and Transformation; Preface; Contents; Introduction; The Issue of Industrial Structure and Transformation; Statement of the Problem; Outline of Chapters; References; Chapter 1: The Input-Output Model: A Study of the Interindustry Structure; 1.1 Background; 1.2 The Basic Input-Output Structure; 1.3 A Numerical Example; 1.4 Concluding Remarks; References; Chapter 2: The Outlook of the Sovereign Planner: The Linear Activity Model; 2.1 Commodities and Activities; 2.2 Producers; 2.3 Consumers; 2.4 Feasible Activities

2.5 The Programming Formulation2.6 Concluding Remarks; References; Chapter 3: The Planner and the Market: The Takayama Judge Activity Model; 3.1 The Quadratic Programming Problem; 3.2 Specification of the Model; 3.2.1 The Introduction of Foreign Trade; 3.3 The Programming Formulation; 3.4 A Temporary Equilibrium Specification; 3.5 Empirical Findings: Applications; 3.6 Comparative Advantages?; 3.7 Concluding Remarks; Appendix 1: The Reformulation of the Walras-Cassel Model; Appendix 2: Tables 3.2, 3.3, 3.4, 3.5, and 3.6; References; Government Publications

Chapter 4: A Market with Autonomous Economic Decision Makers: Features of the CGE Model4.1 The Basic Structure; 4.2 The Construction of a Simple CGE Model; 4.3 Foreign Trade: The CES and CET Specification; 4.4 Concluding Remarks; Appendix: A Summary of Models Presented; The Linear Model; The Quadratic Model; The Computable General Equilibrium (CGE) Model; Real World Applications: The GAMS Program; References; Chapter 5: An Applied Model: The CGE Mini Model; 5.1 The Basic Structure of the CGE Model; 5.2 The Numerical Experiments; 5.2.1 Capital Stock Subject to Physical Deterioration

5.2.2 A Change in the Real Exchange Rate5.2.3 Growth in the Domestic Capital Stock; 5.3 Concluding Remarks; Appendix 1: The Mathematical Equations of the Model; Prices; Definition of Domestic Import Prices; Definition of Domestic Export Prices; Value of Domestic Sales; Value of Domestic Output (Market Value); Definition of Activity Prices; Definition of Capital Commodity Price; Definition of General Price Level; Output and the Factors of Production; Production Function (Cobb-Douglas); First Order Condition for Profit Maximum; Labour Market Equilibrium; CET Function: Exports (Domestic Output)

Export SupplyCES Function: Composite Commodity Aggregation Function; Cost Minimisation of Composite Good; Domestic Sales for Non-traded Sectors; Composite Commodity Aggregation for Non-traded Sectors; Demand; Total Intermediate Uses; Inventory Investment; Private Consumption Behaviour; Private GDP; Total Income Accruing to Labour; Total Income Accruing to Capital; Saving and Income; Household Savings; Government Revenue; Government Savings; Government Consumption Shares; Tariff Revenue; Indirect Taxes on Domestic Production; Export Duties; Total Import Premium Income

Total Household Taxes Collected by Government

Introduction: The Issue of Structure and Transformation -- The Input-Output Model - A Studie of the Interindustry Structure -- The Outlook of the Sovereign Planner: The Linear Activity Model -- The Planner and the Market: The Takayama Judge Activity Model -- Appendix: The Reformulation of the Walras-Cassel Model -- Tables of Applications -- A Market with Autonomous Economic Decision Makers: Features of the CGE Model -- Appendix: A Summary of Models Presented -- An Applied Model - The CGE Mini Model -- Appendix: The Mathematical Equations of the Model -- Some Parameters Assignments of the Model -- A Suggested Model of Economic Transformation -- Back to the CGE Mini Model -- Globalisation and Intermediate Activity -- Appendix: Input of Intermediate Domestic Production and Imports -- Sector Classification -- A Final Word.

10.1007/978-3-642-34994-2 [DOI]

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