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Solution Software for CGE Modeling

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  • Mark Horridge
  • Ken Pearson

Abstract

We describe the progress of computable general equilibrium (CGE) modeling software since the 1980s and contrast the main systems used today: GAMS, MPSGE, and GEMPACK. The development of these general-purpose modeling systems has underpinned rapid growth in the use of CGE models and allowed models to be shared and their results replicated. We show how a very simple model may be implemented and solved in all 3 systems. We note that they produce the same numerical results but have different strengths. We conclude by considering some challenges for the future

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File URL: http://www.copsmodels.com/ftp/workpapr/g-214.pdf
File Function: Initial version, 2011-03
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File URL: http://www.copsmodels.com/elecpapr/g-214.htm
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Bibliographic Info

Paper provided by Victoria University, Centre of Policy Studies/IMPACT Centre in its series Centre of Policy Studies/IMPACT Centre Working Papers with number g-214.

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Date of creation: Mar 2011
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Handle: RePEc:cop:wpaper:g-214

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Related research

Keywords: CGE; software; GAMS; GEMPACK; MPSGE;

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Cited by:
  1. Wei Jin, 2012. "Can China Harness Globalization to Reap Carbon Savings? Modeling International Technology Diffusion in a Multi-region Framework," CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University 2012-52, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.

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