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South Africa faces skills shortage and huge inequalities in its education system inherited from the former Apartheid regime. This paper presents a dynamic computable general equilibrium model that analyses the impact of public spending in education on students? behaviors and on the labor market...
Persistent link: https://www.econbiz.de/10008680881
This chapter reviews options of labor market modeling in a computable general equilibrium framework. On the labor supply side, two principal modeling options are distinguished and discussed: aggregated, representative households and microsimulation based on individual household data. On the...
Persistent link: https://www.econbiz.de/10014025265
Computable general equilibrium (CGE) modeling is an attempt to use general equilibrium theory as a tool for analysis of … widespread use of CGE modeling probably is that a CGE model is an ideal bridge between economic theory and applied policy … research. The “bridge” perspective, however, suggests that CGE modeling is a way of using rather than testing economic theory …
Persistent link: https://www.econbiz.de/10014023908
economic theory and presents some applications. The chapter is structured according to the nature of the computable general …
Persistent link: https://www.econbiz.de/10014025270
We describe the progress of computable general equilibrium (CGE) modeling software since the 1980s and contrast the main systems used today: GAMS, MPSGE and GEMPACK. The development of these general-purpose modeling systems has underpinned rapid growth in the use of CGE models, and allowed...
Persistent link: https://www.econbiz.de/10014025271
This chapter provides an overview of the first two decades of the Global Trade Analysis Project (GTAP) an effort to support a standardized database and computable general equilibrium (CGE) modeling platform for international economic analysis. It characterizes GTAP in four different dimensions:...
Persistent link: https://www.econbiz.de/10014025279
of countries. Researchers have ensured that innovations in theory, data construction and model application have matched …
Persistent link: https://www.econbiz.de/10014025284
MONASH models are descended from Johansen's 1960 model of Norway. The first MONASH model was ORANI, used in Australia's tariff debate of the 1970s. Johansen's influence combined with institutional arrangements in their development gave MONASH models distinctive characteristics, facilitating a...
Persistent link: https://www.econbiz.de/10014025289
Persistent link: https://www.econbiz.de/10011415683
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