This article investigates the impact of a liberal migration policy that increases labour quotas by 5% on wages and income of residents, native migrants, and new migrants. The article focuses on the impact of migration in 21 areas, with particular attention given to Slovakia and Germany. It is...

A key challenge in modeling water scarcity in computable general equilibrium (CGE) models is getting the substitution elasticity between water and the other inputs right. This paper develops a novel method to derive the values of the substitution elasticity between water and land by implementing...

We examine the potential economic impacts of the new United States (US) tariff on Cambodia using a dynamic global general equilibrium model (GTAP-FIN). We simulate the impact of US tariff increases announced in August 2025 while also examining two additional hypothetical cases for Cambodia....

A key challenge in modeling water scarcity in computable general equilibrium (CGE) models is getting the substitution elasticity between water and the other inputs right. This paper develops a novel method to derive the values of the substitution elasticity between water and land by implementing...

This study investigates the impact of global price fluctuations on economic welfare in Burkina Faso, with a particular focus on the role of trade intermediaries. Using a computable general equilibrium (CGE) calibrated with a 2019 Social Accounting Matrix (SAM), the analysis incorporates a trade...

This paper examines how changes in the minimum wage influence an economy with a substantial informal sector. To achieve this, we simulate the recent minimum wage increase in Latvia, providing a comprehensive assessment of its macroeconomic, sectoral, and distributional effects. This panoptic...

The Paris Agreement mandated high-greenhouse-emitting countries implement carbon pricing to accelerate emission reduction to cope with environmental challenges posed by climate change. We emphasized a research analysis of the reciprocal feedback mechanism between micro- and macro-economic...

Agriculture is the primary sector sustaining the Indonesian economy. However, appropriate policies are also required to support the service sector. Therefore, this study aims to analyze two central policies: the impact of trade openness and the role of the service sector on agriculture and...

This study uses a computable general equilibrium (CGE) model to analyze the impact of skilled and semi-skilled labor supply shocks on the Ethiopian economy and sectoral outputs. The study examines three policy scenarios: a 10% increase, a 15% increase, and a 20% increase in skilled and...

Given the rising levels of carbon emissions, governments in the East Asia region are exploring effective decarbonization policies. This study examines the socio-economic and environmental implications of these policies using a computable general equilibrium model that captures the closed...

Structural change means a long-term change in the composition of economic output: agriculture, industry, and services. First, we describe this process in the context of Thailand. Second, we analyse its causes using a simple, comparative static computable general equilibrium model of the Thai...

This paper uses results from leading biophysical models in an established macro-economic modeling framework to offer insights on potential economic consequences of climate change in Asia and the Pacific. The analysis covers shocks in agriculture, fisheries, forestry, energy demand, capital (from...

Currently, achieving sustainable transformation toward a carbon-dioxide-free industrial production process is one of the greatest challenges. The chemical element hydrogen used as an energy source and a basic feedstock can play an important role in reaching this goal. Our analysis is based on...

Small Island Developing States (SIDS) face many economic challenges. Economic stimuli such as tourism expenditures, remittances, and hotel investment, can address some of these challenges. This research seeks to quantify and compare the economic effects of these three primary injections into a...

Computational general equilibrium (CGE) models can evaluate detailed tax reforms, trade restrictions, or environmental policy. These models can capture many complexities, but these complexities can make results difficult to interpret. Analytical general equilibrium (AGE) models provide better...

In this paper we explore the impact of decarbonization on international trade and development employing a recursive dynamic Computable General Equilibrium (CGE). We develop three long run stylized climate change scenarios: (i) Global Inaction (GI); (ii) Divided World (DW); and (iii) Cooperation...

China accounts for more than half of the global renewable energy installed capacity, but how to balance China's economic growth and carbon reduction by subsidy policy still needs more empirical investigation. The paper builds a multi-sector dynamic computable general equilibrium (CGE) model to...

We employ the WTO Global Trade Model (GTM) to generate quantitative projections on the expected long-run impact of digitalization on global trade patterns. Five trends are modelled: (i) adoption of artificial intelligence which raises productivity growth;(ii) digitalization reducing trade costs,...

The impact of trade liberalization on Malawi's economy has been a hotly debated topic, To shed light on the subject, a study was conducted using the PEP-1-1 CGE model and the latest Malawi's Social Accounting Matrix (SAM) from 2019, The results were eye-opening, revealing the potential effects...