It is now well accepted in both academic and policy worlds that human capital accumulation plays a significant role in the increase of standards of living in different countries. Education is a primary source of human capital and is a key aspect in public policies to develop human capital. From...

At the moment Israel is facing the worst water supply crisis since the beginning of record keeping more than 80 years ago. The Israeli National Water Authority (NWA) declared recently that drought conditions are continuing for eight consecutive years now (Jerusalem Post, 2012). This, together...

The objective of this study is to construct a 2-goods “tradable and non-tradable”, 4-factors, 13-industries, single-country general equilibrium model with references to the case- specific features of North Cyprus and explore the impact of external income shock on the economy as a whole. The...

The government of Quebec has launched a major public infrastructure spending program funded essentially by debt. This choice can have long term consequences on growth if the eviction effect is strong. In this paper, we use a recursive dynamic model of the Quebec economy to analyse alternative...

This paper will review the specification of international trade in CGE models, focusing on how the modelers have drawn on trade theory to build empirical models to analyze issues of: trade liberalization, regional integration, trade-wage links, structural adjustment to macro shocks, choice of...

Universal primary education ranges prominently among the Millennium Development Goals and is thus regarded as an important component of human development. In addition, education is widely believed to allow a country to access a higher steady state growth path by accumulating human capital....

This paper models the Hawaii’s economy in a CGE framework in order to analyze the economic impacts of energy (electricity) efficiency. Looking at energy flows in Hawaii’s economy, this paper traces the greenhouse gas (GHG) footprint of industry activities by linking a monetary computable...

Combating climate change and other environmental problems are among the main challenges of the current century. As a consequence, researchers as well as policymakers are discussing worldwide how regulative interventions should be designed to cope with these tasks. From an economic perspective,...

The overall impact of sea-level rise (SLR) is one of the reasons of concern related to climate change (e.g. Smith et al., 2009). SLR can reach one metre by the end of the century, which might translate into large economic damages (World Bank, 2009). Sea level rise could severely affect...

This paper presents a dynamic Overlapping Generations Computable General Equilibrium (OLG-CGE) model of Scotland. The model is used to examine the impact of population ageing on the labour market. More specifically, it is used to evaluate the effects of labour force decline and labour force...