IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-0-230-28165-3_9.html
   My bibliography  Save this book chapter

Interpretation of Simulation Results

In: Textbook of Computable General Equilibrium Modelling

Author

Listed:
  • Nobuhiro Hosoe
  • Kenji Gasawa
  • Hideo Hashimoto

Abstract

We have explained how to develop a CGE model, prepare simulation scenarios and run a simulation to analyse the impact of policy or other exogenous shocks on an economy. The simulation results in the output files show changes of various economic variables, such as sectoral output, consumption, prices and welfare, induced by such shocks. However, a mere listing of these changes does not constitute an ‘analysis’. Interpretation of the simulation results, although usually the final step, is the most important task in CGE analysis. A discussion of the simulation results can only be made persuasive by explaining them using intuitive reasoning. To do so, we have to understand how the model structure combined with the simulation scenarios leads to the numerical solutions.

Suggested Citation

  • Nobuhiro Hosoe & Kenji Gasawa & Hideo Hashimoto, 2010. "Interpretation of Simulation Results," Palgrave Macmillan Books, in: Textbook of Computable General Equilibrium Modelling, chapter 9, pages 144-157, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-28165-3_9
    DOI: 10.1057/9780230281653_9
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-0-230-28165-3_9. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.