Computable general equilibrium (CGE) models are widely used by governmental organizations and academic institutions to analyze the economy-wide effects of events such as climate change, tax policies, and immigration. This book provides a practical, how-to guide to CGE models suitable for use at the undergraduate college level. Its introductory level distinguishes it from other available books and articles on CGE models. The book provides intuitive and graphical explanations of the economic theory that underlies a CGE model and includes many examples and hands-on modeling exercises. It may be used in courses on economics principles, microeconomics, macroeconomics, public finance, environmental economics, and international trade and finance, because it shows students the role of theory in a realistic model of an economy. The book is also suitable for courses on general equilibrium models and research methods, and for professionals interested in learning how to use CGE models.
|Publisher:||Cambridge University Press|
|Product dimensions:||6.97(w) x 9.96(h) x 1.10(d)|
About the Author
Mary E. Burfisher is Distinguished Visiting Lecturer at the United States Naval Academy, Annapolis, Maryland. She has also served as a senior economist for the Economic Research Service of the US Department of Agriculture in Washington, DC. Dr Burfisher is a consultant on computable general equilibrium models and agricultural policy for U.S. governmental agencies and international organizations. She is the author and editor of numerous monographs, books and articles on international agricultural and trade policies. Dr Burfisher has been a Fellow of the Global Trade Analysis Program (GTAP) at Purdue University from 2003 to 2010 and received the Quality of Communication Award from the American Agricultural Economics Association. She earned her Ph.D. in economics from the University of Maryland.
Table of Contents
1. Introduction to computable general equilibrium models; 2. Elements of a computable general equilibrium model; 3. The CGE model database: a social accounting matrix; 4. Final demand in a CGE model; 5. Supply in a CGE model; 6. Factors of production in a CGE model; 7. Trade in a CGE model; 8. Taxes in a CGE model; 9. Conclusion: frontiers in CGE modeling; Modeling exercises; Appendix. Social accounting matrix for the United States, 2004 $US billions; Practice and review answer key; Model exercise answer key.