Applied General Equilibrium and Economic Development: Present Achievements and Future Trends

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Overview

Traditional tools of analysis that focus on particular commodities or sectors, a particular time frame, and aggregate diverse socioeconomic groups are ill-suited to analyze the consequences of the economic reforms of the last ten years. This volume shows the greater power and relevance of applied general equilibrium methods. Through discussion of several major policy issues - agricultural and food policy, economies of scale in production and the associated market imperfections, macrostabilization programs, and modeling intertemporal tradeoffs - the contributors present work representative of the major trends in applied general equilibrium modeling of developing-country issues. Policy analysis using a rich variety of static, recursive, and intertemporal dynamic models is illustrated with problems from a number of developing countries in Africa, Asia, and Latin America. The countries studied range widely in their institutional features, stages of development, and economic size.
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Product Details

  • ISBN-13: 9780472103829
  • Publisher: University of Michigan Press
  • Publication date: 3/15/1994
  • Pages: 376

Table of Contents

Introduction 1
Ch. 1 Food Policy Simulations for Indonesia: The Fifth Five-Year Plan Period, 1989-93 21
Ch. 2 Agricultural Price Policy in India: Some Explorations 65
Ch. 3 Macroeconomic Stabilization and Adjustment Policies in a General Equilibrium Model with Financial Markets: Turkey 101
Ch. 4 A Financial Computable General Equilibrium Model for the Analysis of Stabilization Programs 147
Ch. 5 Tariffs and Export Subsidies when Domestic Markets Are Oligopolistic: Korea 191
Ch. 6 In the Cournot-Walras General Equilibrium Model, There May Be "More to Gain" by Changing the Numeraire than by Eliminating Imperfections: A Two-Good Economy Example 217
Ch. 7 Investment, Expectations, and Dutch Disease: A Comparative Study: Bolivia, Cameroon, Indonesia 235
Ch. 8 A General Equilibrium Analysis of the Effects of Carbon Emission Restrictions on Economic Growth in a Developing Country: Egypt 255
Ch. 9 Structural Adjustment and Growth in a Highly Indebted Market Economy: Brazil 281
Ch. 10 North-South-OPEC Trade Relations in an Intertemporal Applied General Equilibrium Model 317
References 347
Contributors 359
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