Computable general equilibrium (CGE) models are regularly used for assessing the impacts of environmental policies on the economy. This article applies this methodology for global climate policy using the world GEM-E3 CGE model. An emissions reduction scenario meeting the EU 2 degrees target is...

n October 2005, the European Council, having determined that Turkey fulfilled the Copenhagen political criteria, opened accession negotiations with Turkey. Following this decision, the arguments on Turkish membership has become a priority for Turkey since Turkey’s accession to the EU would...

Vietnam’s accession to the World Trade Organisation (WTO) on January 11, 2007 has represented the outcome of decades of efforts to modernise its economy. In this paper, we propose a new general equilibrium assessment of Vietnam’s accession to WTO using a dynamic approach and benefiting from...

Income per capita in some Western European countries more than tripled in the two and a half decades that followed World War II. The literature has identified several factors behind this outstanding growth episode, specifically; structural change associated with large migrations from agriculture...

While climate change impacts on human life have well defined and different origins, the interactions among the diverse impacts are not yet fully understood. Their final effects, however, especially those involving social-economic responses, are likely to play an important role. This paper is one...

Summary Expenditure of the German statutory health insurance scheme will increase significantly in the future. In order to keep the system financially sound, current law plans to levy income independent surcharges. These will be complemented by a tax-financed social compensation scheme. In this...

This paper uses a dynamic Computable General Equilibrium (CGE) model to assess the intertemporal and spatial dimension of technology spillovers embodied in international trade. Three are the main contributions of the study. First, link capital- and energy-productivity to machinery and equipment...

This paper reviews recent developments in trade theory, data, and modeling to provide guidance to researchers who are building and using trade models. Our findings show that trade models have fallen behind the latest development in theory, in part because data collection has not (and arguably...

The overlapping generations (OLG) model is an important framework for analyzing any type of question in which age cohorts are affected differently by exogenous shocks. However, as the dimensions and degree of heterogeneity in these models increase, the computational burden imposed by rational...