Computable General Equilibrium Modelling

This paper reviews computable general equilibrium (CGE) modelling, taking as pathbreaking its starting point the contribution of Johansen (1960). It gives a brief history of the field; reviews solution procedures based on linear computations for single-period and multi-period models; sets out the theoretical structure, the data and some simulations from an illustrative model; and assesses the achievements, limitations and potential of the CGE field. The emphasis is on the role of CGE models in practical policy analysis and forecasting.


Issue Date:
Jul 01 1994
Publication Type:
Working or Discussion Paper
Record Identifier:
http://ageconsearch.umn.edu/record/266337
Language:
English
Total Pages:
98
Series Statement:
Preliminary Working Paper No. IP-65




 Record created 2018-01-05, last modified 2018-01-22

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