This paper advocates computable general equilibrium (CGE) models as an analytical framework that is suitable for assessing the impacts of policy interference on the three dimensions of Sustainable Development, i.e. environmental quality, economic performance and equity. Methodological extensions...

During the past decade, particularly after the 1998-99 Colombian economic recession, economists have developed a renewed interest in the analysis and evaluation of welfare changes induced by public policies and economic shocks. The existing instruments to do this kind of exercises have usually...

Starting from our earlier multi-region trade model, we develop two new 24 sector small open economy (SOE) computable general equilibrium models (CGE) of Chile. One is comparative static and the other is dynamic. We evaluate the impact of Chile forming free trade agreements with either NAFTA or...

El objetivo que se plantea en este trabajo es el de identificar los sectores clave y estratégicos para el desarrollo de economías a nivel regional y su comparación con el paradigma nacional. Para ello, se aplican diversas metodologías complementarias de análisis de sectores clave para las...

A dynamic general equilibrium model of the Italian economy is used to assess the impact of carbon taxation (or auctioned carbon permits), where additional revenue is used to cut either existing taxes on labour or on capital income. Simulation results do not support the existence of the so-called...

The general equilibrium models got importance at the 70's for pointing tendencies that were, until that moment, not experienced by economics. One example was first petrol crisis which econometric models could not predict based on temporal series. On the other hand, the general equilibrium models...

A dynamic general equilibrium model of the Italian economy is used to assess the impact of carbon taxation (or auctioned carbon permits), where additional revenue is used to cut either existing taxes on labour or on capital income. Simulation results do not support the existence of the so-called...

The study of economic impacts of climate change mitigation policies requires the use of different methodologies. This article discusses the most used models in literature as well as its applications. We presents dynamic Applied General Equilibrium model (AGE) that implement a market for...