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Computable General Equilibrium Model For The Republic Of Moldova

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  • Elvira NAVAL

    (Associate Researcher, Institute of Mathematics and Computer Science, Republic of Moldova)

Abstract

This article is devoted to the construction of a small Computable General Equilibrium model for the Republic of Moldova using Social Accounting Matrix build on the statistical data, 2015 as the base year. The model 1-2-3 formed a base for constructing Computable General Equilibrium Model. Using data from SAM, Lagrange method, optimization techniques, the model has been adjusted to the real situation from the Republic of Moldova. It means that all coefficients of the behavioral functions have been determined. Then, the obtained model has been applied to assess the economic evolution of Moldova based on diverse exogenous scenarios. Actuality of this research consists in elaborating new techniques – SAM (for the first time in the Republic of Moldova) for economic analysis and simulation calculus using the General Equilibrium Model.

Suggested Citation

  • Elvira NAVAL, 2018. "Computable General Equilibrium Model For The Republic Of Moldova," Economy and Sociology, The Journal Economy and Sociology, issue 2, pages 55-64.
    • Handle: RePEc:aat:journl:y:2018:i:2:p:55-64
    Note: UDC: 339.5(478)/519.8
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    References listed on IDEAS

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    1. John B. Shoven & John Whalley, 1973. "General Equilibrium with Taxes: A Computational Procedure and an Existence Proof," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 40(4), pages 475-489.
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    JEL classification:

    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
    • C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models

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