As conceived thus far, the computational
general equilibrium models designed for economic trade do not adequately incorporate the processes of land - use change.
Both do
general equilibrium analysis, trying to understand the interaction between parts of a whole system, with lots of positive and / or negative feedback loops.
For illustrative purposes, let me mention just one set of recent estimates provided by some of my colleagues using a so - called Dynamic
Stochastic General Equilibrium (DSGE) model.
Just a
classic general equilibrium models, efficient markets, smooth continuous price movements, the Phillips curve, Black - Scholes — I'm good friends with Myron Scholes, and he's taught me a lot, but there's a lot of flaws in that model.
Subject: Cross country analysis Denmark Economic integration Finland Fiscal
policy General equilibrium models Monetary policy Norway Oil prices Russian Federation Spillovers Sweden
Yet the major conceptual frameworks that undergird contemporary economics (
competitive general equilibrium, rational expectations and game theory) share a crucial failing.
Used by all ancients, several traditional peoples, generally preferred over the other grains (rice was a later historical development of which I'm investigating the reasons), was a staple before it was replaced by potato, said to
promote general equilibrium in the foundational ayurvedic text, the Caraka Samhita, and of the five cereals of Chinese medicine, named the best by the Yinshan Zhengyao.
Costa Rica, Guatemala, Colombia and Rwanda are currently experimenting with an integrated environmental -
economic general equilibrium model that makes use of their natural capital accounts.
Aggregate quantities are often based on IAMs or economic models such
as General Equilibrium Models (van Meijl et al., 2006) or input - output approaches (Fischer and Sun, 2001).
Al - Amin, Abul Quasem and Abdul Hamid, Jaafar and Chamhuri, Siwar (2008): Macroeconomic effects of carbon dioxide emission reduction: a
computable general equilibrium analysis for Malaysia.
Zhang, Z.X. (1998), Macroeconomic Effects of CO2 Emission Limits: A Computable
General Equilibrium Analysis for China, Journal of Policy Modeling, Vol.
Barrage, L. (2016): «Be Careful What You Calibrate For: Social Discounting
in General Equilibrium,» Working Paper.
I'm not a modeller, though I did some economic modelling from 1966 and later directed a computable
general equilibrium modelling team and commissioned modelling.
Deloitte Access Economics (DAE) was commissioned by Tabcorp to model public benefits of cost savings they anticipated from the merger DAE's Regional
General Equilibrium computer general equilibrium model (CGE model) to estimate «broader and long - term economy - wide benefits associated with the merger» (para 514)
Payoffs from research and development along the Australian food value chain:
a general equilibrium analysis.
Epple and Romano (1998) develop
a general equilibrium model
In
our general equilibrium model of residential location and community choice, households base optimizing decisions on commuting costs, school quality, and land rents.
The economic consequences of large - scale government investments in education depend on
the general equilibrium (GE) effects in both the labor market and the education sector.
«
A General Equilibrium Approach to Monetary Theory,» Journal of Money, Credit, and Banking, vol.
On microeconomics, what kind of R - squared are they getting when they test
the general equilibrium neoclassical model?
In the flashy art fair trends, where galleries are forced to battle for attention on the pages of catalogues and rows of exhibit halls,
the general equilibrium veers far into a state of frenzy and chaos.
ADAGE is a dynamic computable
general equilibrium (CGE) model capable of investigating economic policies at the international, national, U.S. regional, and U.S. state levels.
This despite the fact that NCAs may provide important input for analytical methods in designing, implementing and reviewing evidence - based SDG policies, such as trend analysis, forecasting, footprint analysis, integrated assessment and
general equilibrium analysis.
STAMP is a computable
general equilibrium (CGE) model, developed by BHI to analyze tax policy changes.
A general equilibrium model to assess China's agricultural prospects and challenges up to 2030, covering national, regional and county level.
Robinson, Sherman and Willenbockel, Dirk and Ahmed, Hashim and Dorosh, Paul (2010): Implications of food production and price shocks for household welfare in Ethiopia:
a general equilibrium analysis.
We use a computable
general equilibrium model... to investigate the effect of combining a fuel economy standard with an economy - wide GHG emissions constraint in the United States.
Capital accumulation and taxation in
a general equilibrium model with risky human capital.
The commission's report, Better Growth, Better Climate: The New Climate Economy Report, discusses the limitations of computable
general equilibrium (CGE) models, citing a Synapse critique of one such model used in the U.K.
This analytical document shows a small Computable
General Equilibrium (CGE) model to study the impact of carbon taxes on GDP and emissions under alternative closure rules and hypotheses.