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Abstract

Details

The Peace Dividend
Type: Book
ISBN: 978-0-44482-482-0

Abstract

Details

Handbook of Microsimulation Modelling
Type: Book
ISBN: 978-1-78350-570-8

Article
Publication date: 1 October 2005

Luz Centeno Stenberg and Mahinda Siriwardana

The paper reviews recent developments in utilising computable general equilibrium (CGE) models to analyse forestry policies. The paper highlights the application of CGE

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Abstract

Purpose

The paper reviews recent developments in utilising computable general equilibrium (CGE) models to analyse forestry policies. The paper highlights the application of CGE modelling to deforestation and forestry issues.

Design/methodology/approach

The analysis is carried out by comparing different CGE models available in the literature, which have analysed the economic consequences of deforestation and changes in forestry policies.

Findings

The use of CGE models in analysing forestry issues is still in its early stages. There is room for innovation and improvement in the various models used.

Practical implications

The paper emphasises the relevance of general equilibrium analysis in the evaluation of both micro‐ and macro‐economic policies on forestry. It encourages researchers to use general equilibrium analysis in their study of environmental problems.

Originality/value

The paper highlights the contribution and possible benefits of utilising CGE models in analysing environmental problems such as deforestation, especially in the context of environment‐economics trade‐off.

Details

Management of Environmental Quality: An International Journal, vol. 16 no. 5
Type: Research Article
ISSN: 1477-7835

Keywords

Article
Publication date: 10 April 2009

Xiandong Tan, Zhaoguang Hu, Baoguo Shan and Meng Li

The purpose of this paper is to establish a model to analyze the impacts of economic policy on the demand for electricity in China, including the impacts of fiscal and…

Abstract

Purpose

The purpose of this paper is to establish a model to analyze the impacts of economic policy on the demand for electricity in China, including the impacts of fiscal and monetary policies.

Design/methodology/approach

With the development of electric reform, the impacts of economic policy on demand for electricity will be more and more obvious. It is difficult to analyze the impacts by a conventional model. CGE model is based on the theory of general equilibrium which is put forward by Walras, it describes the supplying and demanding relationship between the sectors of the economic system, a CGE model can recognize that an exogenous change (in policy or from other source) that affects any one part of the economy can produce repercussions throughout the system, it can also analyze the impacts of economic policy on electric power sector.

Findings

A CGE model and a social accounting matrix are established.

Research limitations/implications

Accessibility and availability of data are the main limitations which model will be applied.

Practical implications

A very useful model to study the impacts of economic policy on electric power sector.

Originality/value

The new method to analyze the impacts of economic policy on electric power sector in China. The paper aims at policy makers and the researchers who deal with electric power demand and supply.

Details

Kybernetes, vol. 38 no. 3/4
Type: Research Article
ISSN: 0368-492X

Keywords

Article
Publication date: 7 December 2021

Ageliki Anagnostou, Vyron Bourelias and Paweł Gajewski

The purpose of this paper is to investigate regional impact of macroeconomic and regional policy impulses, using our newly developed multi-regional computable general…

Abstract

Purpose

The purpose of this paper is to investigate regional impact of macroeconomic and regional policy impulses, using our newly developed multi-regional computable general equilibrium (CGE) model for three, structurally distinctive Polish macro-regions.

Design/methodology/approach

In this study, we build an interregional social accounting matrix for Poland and use it to develop a small scale, three-region CGE model, reflecting the size of regional economies and cross-regional differences in industrial structures, while also explicitly accounting for the dynamics of main economic relationships across regions, such as interregional flows in commodities, labor and capital. The model is subsequently use to simulate regional effects of various policy impulses.

Findings

We demonstrate important cross-regional differences in the transmission mechanism of macro-level policies, which either affect regional output and its individual components (as in the case of imposing shocks to VAT or PIT rates) or are limited to the components, while preserving a rather uniform impact on output (as in the case of imposing shocks to wages). Furthermore, we contribute to the regional policy equity-efficiency trade-off debate, by illustrating quantitatively how, due to structural differences, spatially targeted expenditure measures might promote either regional convergence or aggregate output growth at the country-level.

Originality/value

Prior to our study, regional CGE models have not been used to simulate spatial distribution of aggregate shocks in Poland or in any other CEE country. Another originality of our study lies in comprehensive evaluation of various policy impulses, from the perspective of their impact on the respective region, spillovers to the other regions and its overall, country-level effect.

Details

International Journal of Emerging Markets, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1746-8809

Keywords

Article
Publication date: 6 July 2015

Christopher Hannum

– The purpose of this paper is to demonstrate the value of computable general equilibrium (CGE) modeling for impact analysis of real estate developments and redevelopments.

Abstract

Purpose

The purpose of this paper is to demonstrate the value of computable general equilibrium (CGE) modeling for impact analysis of real estate developments and redevelopments.

Design/methodology/approach

Uses a model constructed for Colorado to compare estimates of economic impact of a hypothetical mixed-use development from a CGE model with an input-output (IO) model similar to those commonly used in applied economic impact analysis.

Findings

Economic impact estimates of construction activity are demonstrated to be lower when using a CGE approach as compared to an IO approach while impact estimates of continuing operations of a property are demonstrated to be more accurate and potentially higher using a CGE approach.

Practical implications

A CGE approach as opposed to an IO approach will be particularly useful for practitioners in particular cases where IO models are ill suited to provide meaningful estimates concerning impact of continuing operations. This is especially likely where commercial tenants are unknown or when the development includes a residential component.

Social implications

More complete and accurate assessments of economic impact may positively affect views on property development and redevelopment by the public and government.

Originality/value

This paper adds to the existing literature concerning economic impact analysis of real estate and is the first paper in the field, to the authors’ knowledge; to compare estimates from the standard IO approach to those derived using more sophisticated modeling techniques.

Details

Journal of Property Investment & Finance, vol. 33 no. 4
Type: Research Article
ISSN: 1463-578X

Keywords

Book part
Publication date: 1 June 2022

Roberto Roson and Camille Van der Vorst

This survey presents the recent and rapidly expanding literature, which analyses the economic impacts of the COVID-19 pandemic, by means of Computable General Equilibrium …

Abstract

This survey presents the recent and rapidly expanding literature, which analyses the economic impacts of the COVID-19 pandemic, by means of Computable General Equilibrium (CGE) modelling. It does so not only by contrasting and assessing the different methodological approaches, and the key findings of the simulation exercises, but also by putting the various contributions in a historical perspective. This is necessary because each CGE-based study should be evaluated while keeping in mind when it was realised, since questions, priorities, expectations have been constantly changing during the spreading of the pandemic.

Article
Publication date: 1 July 1998

Neil Dias Karunaratne

This study reviews the emergence of Thailand in the 1990s as the Fifth Tiger economy of Asia following the regime switch from an import substitution to export oriented…

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Abstract

This study reviews the emergence of Thailand in the 1990s as the Fifth Tiger economy of Asia following the regime switch from an import substitution to export oriented industrialisation policy. A Computable General Equilibrium (CGE) model was formulated to analyse the macroeconomic and sectoral implications of implementing trade liberalisation policies in Thailand. The theoretical structure, database underpinning the model and the solution technique used to generate empirical results are explained. The simulation of trade liberalisation policy has been proxied by an across‐the‐board tariff cut on the sectoral imports. The comparative statics of both the macroeconomic and sectoral effects of trade liberalisation policy simulation over the decade ending in the year 2000 are analysed in detail. The study concludes with some observations on the controversy surrounding the distributional effects of trade liberalisation in Thailand.

Details

International Journal of Social Economics, vol. 25 no. 6/7/8
Type: Research Article
ISSN: 0306-8293

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Article
Publication date: 7 November 2019

Charity Gomo

The purpose of this paper is to quantify the impact of social or government transfers on income inequality and poverty in South Africa.

Abstract

Purpose

The purpose of this paper is to quantify the impact of social or government transfers on income inequality and poverty in South Africa.

Design/methodology/approach

A top-down, bottom-up (TD-BU) model which combines an econometrically estimated labor supply model, a detailed tax-benefit module and a computable general equilibrium model is used in order to analyze the impact of government transfers on income inequality and poverty in South Africa. The paper uses a merged South African income and expenditure household survey and labor force survey for the year 2000, and a South African social accounting matrix as the main data sets.

Findings

Simulation results suggest that doubling of government transfers lead to a 5.5 percent reduction in poverty if a relative poverty measure is used and a 7 percent reduction if an absolute poverty line is used. In addition, simulation results show differences in poverty and inequality measures between the MS-only model and the linked TD-BU model confirming the importance of linking the two models.

Originality/value

The TD-BU approach is important since it explicitly accounts for the following aspects: that labor supply should adjust to changes in the tax-benefit model, general equilibrium effects and the heterogeneity of economic agents. This allows for a richer micro-household modeling.

Details

International Journal of Social Economics, vol. 46 no. 12
Type: Research Article
ISSN: 0306-8293

Keywords

Article
Publication date: 17 October 2008

Paresh Kumar Narayan

The purpose of this paper is to construct an econometric model of the determinants of private investment with a particular focus on the impact of democracy on investment.

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Abstract

Purpose

The purpose of this paper is to construct an econometric model of the determinants of private investment with a particular focus on the impact of democracy on investment.

Design/methodology/approach

The first step was to econometrically derive the long‐run elasticities; then to modify the Fiji computable general equilibrium (CGE) model to incorporate the investment function. Also the econometrically derived long run elasticities in the CGE model were used.

Findings

It was found that democracy has a positive and statistically significant impact on private investment in Fiji. The paper's simulation of Fiji becoming a fully democratic country on investment and other macroeconomic fundamentals, based on a CGE model, reveals that real gross domestic product and real national welfare increase by around 0.01 and 0.05 per cent, respectively; government savings and revenue performance improves; there is a trade balance surplus; and both private consumption and disposable income increase by around 0.05 and 0.12 per cent, respectively.

Originality/value

This is the first study that uses a CGE model to examine the impact of democracy, via investment, on other macroeconomic fundaments. No other study is known to have modelled democracy in a CGE framework.

Details

International Journal of Social Economics, vol. 35 no. 12
Type: Research Article
ISSN: 0306-8293

Keywords

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