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CGE applications in development economics

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  • Taylor, Lance

Abstract

This 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 fiscal linkages fit into applied models.

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  • Taylor, Lance, 2016. "CGE applications in development economics," Journal of Policy Modeling, Elsevier, vol. 38(3), pages 495-514.
    • Handle: RePEc:eee:jpolmo:v:38:y:2016:i:3:p:495-514
    DOI: 10.1016/j.jpolmod.2016.02.010
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    References listed on IDEAS

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    1. Graciela Chichilnisky & Lance Taylor, 1980. "Agriculture and the Rest of the Economy: Macroconnections and Policy Restraints," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 62(2), pages 303-309.
    2. Shoven, John B. & Whalley, John, 1972. "A general equilibrium calculation of the effects of differential taxation of income from capital in the U.S," Journal of Public Economics, Elsevier, vol. 1(3-4), pages 281-321, November.
    3. Taylor, Lance & Black, Stephen L., 1974. "Practical general equilibrium estimation of resource pulls under trade liberalization," Journal of International Economics, Elsevier, vol. 4(1), pages 37-58, April.
    4. K. Vela Velupillai & Stefano Zambelli, 2010. "Computation in Economics," ASSRU Discussion Papers 1001, ASSRU - Algorithmic Social Science Research Unit.
    5. Herbert E. Scarf, 1967. "The Approximation of Fixed Points of a Continuous Mapping," Cowles Foundation Discussion Papers 216R, Cowles Foundation for Research in Economics, Yale University.
    6. Dornbusch, Rudiger, 1974. "Tariffs and nontraded goods," Journal of International Economics, Elsevier, vol. 4(2), pages 177-185, May.
    7. Taylor, Lance & Lysy, Frank J., 1979. "Vanishing income redistributions : Keynesian clues about model surprises in the short run," Journal of Development Economics, Elsevier, vol. 6(1), pages 11-29, February.
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    Cited by:

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    3. Jin Fan & Hongshu Wang & Xiaolan Zhang, 2022. "A General Equilibrium Analysis of Achieving the Goal of Stable Growth by China’s Market Expectations in the Context of the COVID-19 Pandemic," Sustainability, MDPI, vol. 14(22), pages 1-22, November.
    4. Li, Wei & Lu, Can & Ding, Yi & Zhang, Yan-Wu, 2017. "The impacts of policy mix for resolving overcapacity in heavy chemical industry and operating national carbon emission trading market in China," Applied Energy, Elsevier, vol. 204(C), pages 509-524.
    5. Sirgit Perdana & Marc Vielle & Maxime Schenkery, 2022. "European Economic Impacts of Cutting Energy imports from Russia : a Computable General Equilibrium Analysis," Working Papers hal-03898833, HAL.
    6. Servaas Storm, 2023. "Lance Taylor (1940–2022): Reconstructing Macroeconomics," Development and Change, International Institute of Social Studies, vol. 54(5), pages 1331-1353, September.
    7. Mukashov, A., 2023. "Parameter uncertainty in policy planning models: Using portfolio management methods to choose optimal policies under world market volatility," Economic Analysis and Policy, Elsevier, vol. 77(C), pages 187-202.
    8. Katerina GAWTHORPE, 2020. "Heterogeneous VAT taxation in the Czech economy," Eastern Journal of European Studies, Centre for European Studies, Alexandru Ioan Cuza University, vol. 11, pages 132-159, December.
    9. Zeng, Lijun & Zhang, Wencheng & Zhao, Yue & Zhang, Jinsuo & Jiang, Xiujuan, 2024. "Simulation analysis of Chinese new-type urbanization policy in mineral resource abundant regions based on the CGE model," Resources Policy, Elsevier, vol. 90(C).
    10. Garaffa, Rafael & Gurgel, Angelo & Cunha, Bruno & Lucena, Andre & Szklo, Alexandre & Schaeffer, Roberto & Rochedo, Pedro, 2018. "Climate finance under a CGE framework: decoupling financial flows in GTAP database," Conference papers 332939, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    11. Grzegorz Peszko & Simon Black & Alexandrina Platonova-Oquab & Dirk Heine & Govinda Timilsina, 2019. "Environmental Fiscal Reform in Morocco," World Bank Publications - Reports 34030, The World Bank Group.

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