The purpose of the research is to unveil conditions for sustainable development by studying relationship between natural (I) and non-natural (II) wealth based on Carl Marx’ re-production scheme. For this purpose, Marx’ simple and complex re-production schemes were modified to: - disaggregate...

The purpose of the research is to unveil conditions for sustainable development by studying relationship between natural (I) and non-natural (II) wealth based on Carl Marx’ re-production scheme. General Equilibrium Model extented to Marx's Production Schema Realization results of the model...

In the article, we analyze that how the innovative activity affects to income redistribution, which have been considered for prolonged period. The effect of spending on R&D usually affects to higher income level; however, the lower income group also becomes easier to approach to high-tech...

This paper investigates the possible economic effects of free trade agreement, implying a mutual zero import tariffs in the trade between the Customs Union (Russia, Belarus, Kazakhstan) and the European Union. Analysis of the effects is made using CGE model.We estimate the impact of an FTA on...

The East African Community member states of Kenya, Uganda, Tanzania. Rwanda and Burundi have over the years, established closer economic links through a Free Trade Area, a Customs Union, and a Common Market. These efforts have led to a deeper regional integration and trade within the EAC and...

The global economy must face crucial challenge on how to cope with soaring oil prices, which have been on a precipitous increase in the last years. The high rise has alarmed countries around the world, especially the net oil importers, since continuing oil price hikes tend to lower economic...

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We assess recent Chinese climate policy proposals in a multi-region, multi-sector computable general equilibrium model with a Chinese carbon emissions trading scheme (ETS). We conduct a quantitative assessment of the Chinese emissions trading scheme (ETS) with the help of PACE (Policy Analysis...

To model the economics impacts of population ageing in high-income countrie by estimating the scale of required technological change. Presentation of a over-lapping generations computable general equilibrium model. Population ageing is associated with low growth and large welfare losses. The...

This study provides an ex-ante computable general equilibrium assessment of the planned Tripartite Free Trade Agreement between the member states of the Common Market for Eastern and Southern Africa, the East African Community and the Southern African Development. Community. The analytical...