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Forward looking dynamics in spatial CGE modelling

Bröcker, Johannes; Korzhenevych, Artem - In: Economic Modelling 31 (2013) C, pp. 389-400

This paper sets up a spatial dynamic CGE framework by combining the optimal growth model of saving and investment under … adjustment costs and the spatial CGE model with Dixit–Stiglitz structure in the modern sector. Because of increasing product …

Persistent link: https://www.econbiz.de/10011048698

Modelling energy and labour linkages: A CGE approach with an application to Iran

AlShehabi, Omar Hesham - In: Economic Modelling 35 (2013) C, pp. 88-98

We develop a unique dynamic CGE model suitable for analysing the policy interrelationships between fuels, crude oil and … simulations applied to a purpose built Social Accounting Matrix (SAM) of the Iranian economy, with the revenue from subsidy … elimination redistributed to households as extra income or into increased investment. The study pays particular attention to SAM …

Persistent link: https://www.econbiz.de/10010719380

The analytical solution of balanced growth of non-linear dynamic multi-sector economic model

Zhang, Jin Shui - In: Economic Modelling 28 (2011) 1, pp. 410-421

In a one-sector neoclassical dynamic economic growth model, a reasonable ratio of investment to consumption exists, i.e., the “Golden Rule of Consumption”. This study is to extend one-sector neoclassical growth model to a multi-sector one. It is assumed that both the production function and...

Persistent link: https://www.econbiz.de/10011048747

A general equilibrium assessment of external and domestic shocks in Spain

Álvarez-Martínez, María Teresa; Polo, Clemente - In: Economic Modelling 29 (2012) 6, pp. 2486-2493

a 2000 SAM elaborated by the authors. External shocks are simulated by employing the neoclassical closure (private …

Persistent link: https://www.econbiz.de/10011048885

Limits to growth: Tourism and regional labor migration

Konan, Denise Eby - In: Economic Modelling 28 (2011) 1, pp. 473-481

The paper provides a methodology for considering the carrying capacity and limits to growth of a labor-constrained mature tourism destination. A computable general equilibrium model is used to examine the impacts of visitor expenditure growth and labor migration on Hawai‘i's economy. Impacts...

Persistent link: https://www.econbiz.de/10010577107

Development policies, transfer of pollution abatement technology and trans-boundary pollution

Li, Xiaochun; Zhou, Yu - In: Economic Modelling 31 (2013) C, pp. 183-188

In this paper, we integrate intra-region labor migration and inter-region labor migration into Harris–Todaro model in the presence of unidirectional trans-boundary pollution. We conduct a simple comparative static analysis of regional economic and environmental effects of the central...

Persistent link: https://www.econbiz.de/10010636287

Technological change and China's regional disparities — A calibrated equilibrium analysis

Liu, Xiaoyun; Wang, Xiuqing; Whalley, John; Xin, Xian - In: Economic Modelling 28 (2011) 1, pp. 582-588

We in this paper assess the impacts of technological change on China's regional disparities using a general equilibrium model of multiple regions and multiple sectors. We use the most recent available Chinese interregional data to calibrate the model parameters for 1987 and 2000. We then assess...

Persistent link: https://www.econbiz.de/10011048832

Price and liquidity puzzles of a monetary shock: Evidence from indebted African economies

Muhanji, Stella; Malikane, Christopher; Ojah, Kalu - In: Economic Modelling 33 (2013) C, pp. 620-630

Price and liquidity puzzles have been identified as two major counterintuitive findings arising from monetary shocks. We investigate their presence in eleven African countries, using a dynamic stochastic general equilibrium model designed for indebted small open-economies. Our simulations reveal...

Persistent link: https://www.econbiz.de/10010737979

Dynamics analysis and chaos control of a duopoly game with heterogeneous players and output limiter

Du, Jian-guo; Fan, Yue-qian; Sheng, Zhao-han; Hou, Yun-zhang - In: Economic Modelling 33 (2013) C, pp. 507-516

In actual economies, players sometimes would offer an upper limiter to their output due to capacity constraints, financial constraints and cautious response to uncertainty in the world, or offer a lower limiter to their output due to economies of scale or break-even consideration. In this paper,...

Persistent link: https://www.econbiz.de/10010738006

The macroeconomic and food security implications of price interventions in the Philippine rice market

Mariano, Marc Jim M.; Giesecke, James A. - In: Economic Modelling 37 (2014) C, pp. 350-361

The Philippine government has a number of policy interventions in the domestic rice market aimed at promoting national food security. This paper examines the economy-wide and food security implications of three of the main policies: a ceiling on prices paid by rice consumers; a floor on prices...

Persistent link: https://www.econbiz.de/10010743992