This volume collects three independent contributions which discuss the role of computable general equilibrium (CGE) modelling in both research and teaching. The first paper by John Chipman suggests that statistical methods could be incorporated into CGE analysis. He argues that this would allow...

The dynamic effects of government spending are considered in a general equilibrium model with monopolistic competition and increasing returns. In the economy, changes in the level of government spending endogenously raise total factor productivity, even though the spending itself is entirely...