About 50% of New Zealand's greenhouse gases are not carbon dioxide, being mostly methane and nitrous oxide. Consequently the exchange rates between different gases - that is their CO2 equivalence - could have significant effects on the cost to New Zealand of meeting international emissions...

This paper explores the capacity of computable general equilibrium (CGE) models to track down policy induced economic changes and their ability to generate contrastable data for an economy. Starting from an empirically built regional Social Accounting Matrix (SAM), a first stage CGE calibrated...

Labour income taxes have decreased considerably in Finland in the period 1996-2008. At the same time the Finnish economy has grown rapidly. Nevertheless, there has been another coincident trend in this period: A rapid rise in inequality. This study aims to answer to what extent labour income tax...

The Austrian agricultural sector is very heterogeneous in natural conditions and farming systems and highly vulnerable to climate change (e.g. alpine farming). The economic assessment of climate change impacts on and adaptation measures for agriculture requires an integrated modeling approach to...

Policy analysis with a dynamic CGE model requires a baseline solution that is a plausible forecast of the whole set of model's variables. An important issue in the development of the baseline forecast is to account for structural change. This is aided by the technique of historical simulations...

In recent years, the computable general equilibrium (CGE) models for different regions have become an important area for research in economics. The aim of this paper is to analyze the fiscal policy and the effects of fiscal federalism to economic agents in a regional economy context. For this...

Venezuela is among the top 10 countries in the world with high rates of subsidies. Taking as reference the database of the IEA (2011), subsidies in Venezuela reach 20 billion US dollars, equivalent to 7% of GDP, or in per capita terms $690 per person. 86 percent of these subsidies are allocated...

Policy simulations during the last decades have been heavily relying on standard static CGE models with a small number of industries. Recently DSGE models (usually termed as New Keynesian) have been developed that incorporate dynamic behavior and institutional constraints at the aggregate...

The creation and accumulation of knowledge constitutes without any doubt one of the major drivers of progress and development. The incontrovertible evidence of that creative process is present everywhere in our daily routines and societies. However, it is rather difficult to define a measure of...

This paper aims at assessing how domestic urban-rural remittances can mitigate macroeconomic shocks in a developing country. When trade liberalization occurs, it may affect the national income structure and increase regional poverty, especially in a vulnerable economy where the volatility of...