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Nizhny Novgorod: Computable General Equilibrium in One Region with Barter and Arrears

Author

Listed:
  • Zemskov Peter
  • Zemskov Sergey

Abstract

The authors construct a computable general equilibrium (CGE) model of a Nizhny Novgorod regional economy – a typical large industrialised re-gion of the Russian Federation. The model allows to capture some of the key features of the ‘virtual economy’, such as barter transactions and arrears, as well as region-specific market characteristics and pro-vides a dynamic framework for analysing alternative policy measures aimed at cutting short the vicious circle of the virtual economy. Numeri-cal simulations are based on statistical data for the period 1992–1997, which have been obtained from the statistics committee of the Nizhny Novgorod region.

Suggested Citation

  • Zemskov Peter & Zemskov Sergey, 2000. "Nizhny Novgorod: Computable General Equilibrium in One Region with Barter and Arrears," EERC Working Paper Series 99-14e, EERC Research Network, Russia and CIS.
    • Handle: RePEc:eer:wpalle:99-14e
    as

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    References listed on IDEAS

    as
    1. Arnold C. Harberger, 1962. "The Incidence of the Corporation Income Tax," Journal of Political Economy, University of Chicago Press, vol. 70, pages 215-215.
    2. Shoven,John B. & Whalley,John, 1992. "Applying General Equilibrium," Cambridge Books, Cambridge University Press, number 9780521266550.
    3. Ballard, Charles L & Shoven, John B & Whalley, John, 1985. "General Equilibrium Computations of the Marginal Welfare Costs of Taxes in the United States," American Economic Review, American Economic Association, vol. 75(1), pages 128-138, March.
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    More about this item

    Keywords

    Russia; regional economics; transition period; general equilibrium; barter; arrears; public welfare analysis.;
    All these keywords.

    JEL classification:

    • R13 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General Equilibrium and Welfare Economic Analysis of Regional Economies

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