WP 2011-1 CGE Applications in Development Economics
AbstractThis paper begins with an informal history of developing country CGE models, going on to specification and closure, and finally describes a few models with financial extensions. Sectoral detail is central to CGE analysis, but after an initial sketch of an n-sector system most of the discussion focuses on the models' "closures" or patterns of macroeconomic causality, because they strongly influence their sectoral results. Particular attention is paid to the ways in which international trade and financial flows are fitted into applied models.
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Bibliographic InfoPaper provided by Schwartz Center for Economic Policy Analysis (SCEPA), The New School in its series SCEPA Working Papers with number 2011-1.
Length: 54 pages
Date of creation: Jan 2011
Date of revision:
development; developing countries; CGE models; international trade; financial flows; sector;
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