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Endogenous Savings Rate with Forward-Looking Households in a Recursive Dynamic CGE Model : Application to South Africa
Lemelin, Andre - 2018
original one and a modified one with a high initial household savings rate. The results are compared with those of a static … models, the household savings rate is not constant, even in the BAU scenario. It is also responsive to changes in the rate of …In the vast majority of recursive dynamic CGE models, the savings rate is constant and exogenous. Intertemporal CGE …
Persistent link: https://www.econbiz.de/10012920812
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Dynamic, Multi-Sector CGE Modeling and the Specification of Capital
Wendner, Ronald; Farmer, Karl - 2005
investment shares by optimal household decisions in a framework with heterogeneous capital? Two models - a model with …
Persistent link: https://www.econbiz.de/10014066172
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Dynamic Multi-Sector CGE Modeling : Reply to Assmann and Hogrefe
Wendner, Ronald - 2008
Farmer and Wendner (2004) consider the sensitivity of policy effects, as implied by dynamic multi-sector computable general equilibrium models, with respect to the specification of capital and investment aggregation. They demonstrate that (small) differences in the specification of capital and...
Persistent link: https://www.econbiz.de/10012723813
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Politique Educative Et Marche Du Travail En Afrique Du Sud. Une Analyse En Equilibre General Calculable Dynamique/Education Policy and Labour Market in South Africa : A CGE Analysis
Maisonnave, Hélène - 2009
This paper presents a Dynamic Computable General Equilibrium Model that analyses impacts of public spending in education on student's behaviours and labour market. The South African education system faces with strong inequalities inherited from the Apartheid regime. We find that this policy...
Persistent link: https://www.econbiz.de/10013156732
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Demand-Driven Structural Change in Applied General Equilibrium Models
Roson, Roberto - 2017
This study analyzes the variations in industrial structure induced by income-sensitive patterns of final consumption, and how these changes can be captured by a multi-sector numerical model with a flexible demand system. We focus, in particular, on the estimation of parameters for an AIDADS (An...
Persistent link: https://www.econbiz.de/10012946638
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G-RDEM : A GTAP-Based Recursive Dynamic CGE Model for Long-Term Baseline Generation and Analysis
Britz, Wolfgang - 2018
We motivate and detail the newly developed G-RDEM recursive-dynamic Computable General Equilibrium model as a tool for long-term counterfactual analysis and baseline generation from given GDP and population projections. It encompasses an AIDADS demand system with non-linear Engel curves, debt...
Persistent link: https://www.econbiz.de/10012920748
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Chapter 24 CGE Modeling of Environmental Policy and Resource Management
Bergman, Lars - In: Handbook of environmental economics : volume 3, …, (pp. 1273-1306). 2005
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
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Chapter 21. Income Distribution in Computable General Equilibrium Modeling
Bourguignon, Franois; Bussolo, Maurizio - In: Handbook of computable general equilibrium modeling : …, (pp. 1383-1437). 2013
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
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Chapter 20. Solution Software for Computable General Equilibrium Modeling
Horridge, Mark; Meeraus, Alex; Pearson, Ken; … - In: Handbook of computable general equilibrium modeling : …, (pp. 1331-1381). 2013
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