We reassess, with industry-level data, the scale effect from trade protection, by means of a comprehensive fixed-cost variable, composing both technology coeficient and firms size, and a comparative (international) analysis. Evidence is based on Brazil’s manufacturing industries during its...

This paper explores the capacity of computable general equilibrium (CGE) models to track down policy induced economic changes and their ability to generate contrastable data for an economy. Starting from an empirically built regional Social Accounting Matrix (SAM), a first stage CGE calibrated...

The recent global financial crisis was a reminder that economic and financial stability are inextricably linked. To that end, there has been significant effort in policy and academic circles to incorporate real-financial linkages and macroprudential policies into existing macroeconomic models....

Rare Earths are a group of 17 metals which were presumably unknown to the vast majority of people until very recently. The combination of growing demand and tightened export restriction by China, which holds almost monopolistic power in their supply, has led to massive price increase in 2011....

The aim of this work is analyzing the practical relevance, from a qualitative perspective, of a new methodology which is intended to include firm heterogeneity, as modeled by Melitz (2003), in computable general equilibrium effects. We assess to what extent the inclusion of industries with...

Ghersi and Hourcade (2006) proved that the impact of technical constraints (often derived from bottom-up models) may result in strong macroeconomic impacts. Therefore, the modeling choices of the representation of technical change in CGE models affect the evaluation of the cost of climate and...