Handbook of Computable General Equilibrium Modeling SET, Vols. 1A and 1B

Handbook of Computable General Equilibrium Modeling SET, Vols. 1A and 1B, 1st Edition

Handbook of Computable General Equilibrium Modeling SET, Vols. 1A and 1B, 1st Edition,ISBN9780444626318

North Holland



These 27 detailed surveys of major subjects in CGE modeling reveal the ways that this approach can inform real economic decision-making.

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Key Features

    • Presents coherent summaries of CGE theories that inform major model types
    • Covers the construction of CGE databases, model solving, and computer-assisted interpretation of results
    • Shows how CGE modeling has made a contribution to economic policy


    Top scholars synthesize and analyze scholarship on this widely used tool of policy analysis in 27 articles, setting forth its accomplishments, difficulties, and means of implementation. Though CGE modeling does not play a prominent role in top U.S. graduate schools, it is employed universally in the development of economic policy. This collection is particularly important because it presents a history of modeling applications and examines competing points of view.


    Graduate students and professors worldwide working in all subdisciplines of economics and finance.

    Handbook of Computable General Equilibrium Modeling SET, Vols. 1A and 1B, 1st Edition

    Volume 1

    Section 1. Overview

    1. An introduction to CGE modeling
    Peter B. Dixon and Dale W. Jorgenson

    Section 2. Single-Country CGE Projects

    2. The MONASH style of CGE modeling: a framework for historical, decomposition, forecast and policy simulations
    Peter B. Dixon, Robert B. Koopman and Maureen T. Rimmer

    3. CGE assessments of fiscal sustainability in Norway
    Erling Holmoy

    4. MAMS - a Computable General Equilibrium Model for Developing Country Strategy Analysis
    Hans Lofgren, Martin Cicowiez and Carolina Diaz-Bonilla

    5. The contribution of CGE modeling to policy formulation in developing countries
    Sherman Robinson and Shantayanan Devarajan

    6. Putting services and foreign direct investment into CGE models: reflections on the use of CGE models in policy discussions
    David Tarr

    7. Regional CGE Modeling
    John R. Madden and James A. Giesecke

    8. IGEM: a model of U.S. economic growth and the environment
    Dale W. Jorgenson, Peter Wilcoxen and Mun Ho

    9. Energy and Environment Modeling in Australia
    Philip D. Adams and Brian R. Parmenter

    10. Tax reform, the cost of capital, and U.S. economic growth
    Dale W. Jorgenson and Kun-Young Yun

    11. Dynamic overlapping generations computational general equilibrium models and the analysis of tax policy
    John W. Diamond and George R. Zodrow

    Volume 2

    Section 3. Global CGE Projects

    12. Applied General Equilibrium Analysis using the GTAP Framework
    Thomas Hertel

    13. Estimating effects of price-distorting policies using alternative distortions databases
    Kym Anderson, Will Martin and Dominique van der Mensbrugghe

    14. Global Dynamic Scenarios-Structural and Environmental Implications
    Dominique van der Mensbrugghe

    15. Energy and environment, a global approach: G-cubed
    Warwick J. McKibbin

    16. Integrated economic and climate modeling
    William Nordhaus

    Section 4. CGE Data, Parameter Estimation, Validation and Computation

    17. An econometric approach to general equilibrium modeling
    Dale W. Jorgenson, Hui Jin and Daniel T. Slesnick

    18. Trade Elasticity Parameters for a CGE Model
    Russell Hillberry and David Hummels

    19. Validation of CGE models
    Peter B. Dixon and Maureen T. Rimmer

    20. Solution Software for CGE Modeling
    Mark Horridge, Alex Meeraus, Ken Pearson and Thomas F, Rutherford

    Section 5. Advancing CGE Methodology

    21. Income distribution and Computable General Equilibrium models: macro- micro modelling
    Francois Bourguignon and Maurizio Bussolo

    22. The New Keynesian approach to dynamic general equilibrium modeling: models, methods and macroeconomic policy evaluation
    Volker Wieland and Sebastian Schmidt

    23. Computing general equilibrium theories of monopolistic competition and heterogeneous firms
    Edward J. Balistreri and Thomas F, Rutherford

    24. Market Structure in CGE Models of International Trade
    Joseph Francois, Miriam Manchin and Will Martin

    25. CGE modeling of trade in services
    Joseph Francois and Bernard Hoekman

    26. Labor market modeling in a CGE context
    Stefan Boeters and Luc Savard

    27. Aging and social insurance in a CGE framework
    Laurence Kotlikoff, Hans Fehr and Sabine Jokisch

    Quotes and reviews

    "This two-volume set is the first in the publisher's new series, ‘Handbooks in Economics,’ devoted to publication of authoritative references focused on particular branches of economics, in this case, CGE modeling, which is a tool used ubiquitously for policy analysis and development. The series' handbooks are intended to be self-contained, offering background and a survey of prevailing and competing views as well as current developments - in a manner suitable both for professional reference and as supplementary reading for advanced graduate courses."--Reference & Research Book News, December 2013
    "The chapters in these volumes address many of the most challenging economic policy issues facing both developed and developing countries and regions. The books are required reading for anyone wishing to understand the power and range of computable general equilibrium modelling as an input to strategy analysis and policy making."--Larry Dwyer, University of New South Wales
    "The rich CGE applications presented in these volumes show that CGE modeling is a vital tool for policy analysis. These chapters will be valuable resources for students and scholars who are interested in new insights and developments."--Jian Xie, The World Bank

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