The main objective of this paper is to show how Social Accounting Matrices (SAM) and Computable General Equilibrium (CGE) Models can be used to highlight and address issues related to income distribution and poverty. The paper is divided into two major parts. Part 1 presents the concept of the...

The purpose of this paper is to study how the equilibrium prices and allocations in a linear exchange economy vary with respect to the intial endowments and utility vectors. We characterize an open dense subject of full measure of the initial endowment and utility vector space on which the...

We utilize a multi-sector general equilibrium model based on intertemporally optimizing agents to study issues of trade liberalization and fiscal adjustments in the context of the Turkish economy. A key feature of the model is its explicit recognition of the distortionary consequences of...

The purpose of this paper is to study how the equilibrium, in a linear exchange equilibrium varies, with respect to the initial endowments and the utility vectors.

Agricultural and environmental policy changes have potentially large effects on Dutch agriculture and economy as a whole. The effects could be on inter-industry transactions, factor demand, income , trade, and environmental quality. The clear structure and flexibility make applied general...

Computable general equilibrium (CGE) models are among the most influential tools in applied economics. However, some serious questions have been raised about the empirical validity of these models. The core of the critique is that the parameter selection criteria are unsound and the use of...

A dynamic computable general equilibrium (CGE) model is constructed for the current Chinese economy. The model incorporates key dynamic features into the framework of a comparative static CGE model. The model is capable of tracking, at micro-level, the sectoral responses of various endogenous...

This paper discusses how a consistent treatment of asset markets may be integrated into standard trade-focussed CGE models. Starting from a core specification of the real economy, calibrated to data for Zambia in the mid-1990s, the paper examines the properties of a hierarchy of models which...

This paper develops a two-sector (final goods and human capital) general equilibrium endogenous growth model with government spending financed by the three distorting taxes. Endogenous labour-leisure choice is considered. The growth is driven by physical and human capital accumulation as well as...

In a dynamic general equilibrium setup, this paper highlights the role of vintages and creative destruction in business fluctuations. By stressing the forward-looking characteristic of the optimal scrapping rule, we use a standard rational expectations argument to show the constancy of the...