The incorporation of increasing returns and imperfect competition into applied general-equilibrium (AGE) models, beginning with Harris (1984), led to much larger welfare effects from changes such as trade liberalization. But the imperfect competition side of these IO developments has often...

Purpose – This study assesses the impact of a potential Korea-Kenya FTA on the global economy, which includes the US, EU, UK, China, and Japan, using the Global Trade Analysis Project (GTAP) model.Design/Methodology/Approach – The study employs a static global multi-sector CGE model using...

China has taken some effective steps to shake off the effects of “COVID-19” and its economic development is unceasing recovery. Therefore, many foreign investments go into the Chinese market and lead to RMB appreciation, which would affect China’s economy-energy-carbon emissions system....

As governments around the world are implementing clean electricity supply transition policies to help address climate change, there has been an increased interest in the use of computable general equilibrium (CGE) models to estimate associated economic and CO2 impacts. Researchers have used a...

The South African Reserve Bank (SARB) uses interest rates to control inflation. The Computable General Equilibrium (CGE) model can contribute to inflation targeting objective and also determine the effects on banks and the economy. We improved the accuracy of the results from previous work on...