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The USDA/ERS Computable General Equilibrium (CGE) Model of the United States

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  • Robinson, Sherman
  • Kilkenny, Maureen
  • Hanson, Kenneth

Abstract

This paper documents the basic Computable General Equilibrium (CGE) model of the U.S. economy developed at the Economic Research Service (ERS), USDA. The paper both describes the model equations in detail and how the model is "benchmarked" to a base data set. The paper also lists the computer program used to implement the model. The objective of the CGE work program at ERS is to provide a multisectoral framework for analyzing the effect of changes in agricultural policies and exogenous shocks on the farm sector, on the rural economy, on related nonagricultural sectors, and on the rest of the economy. The basic model has provided a starting point for a variety of extensions and applications exploring a number of policy issues. To date, work has largely focused on issues of agricultural trade policy and the effect of alternative domestic policies.

Suggested Citation

  • Robinson, Sherman & Kilkenny, Maureen & Hanson, Kenneth, 1990. "The USDA/ERS Computable General Equilibrium (CGE) Model of the United States," Staff Reports 278341, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uerssr:278341
    DOI: 10.22004/ag.econ.278341
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    References listed on IDEAS

    as
    1. Robinson, Sherman, 1990. "Analyzing Agricultural Trade Liberalization with Single-Country Computable General Equilibrium Models," CUDARE Working Papers 198502, University of California, Berkeley, Department of Agricultural and Resource Economics.
    2. Jaime de Melo, 2015. "Computable General Equilibrium Models for Trade Policy Analysis in Developing Countries: A Survey," World Scientific Book Chapters, in: Modeling Developing Countries' Policies in General Equilibrium, chapter 8, pages 141-175, World Scientific Publishing Co. Pte. Ltd..
    3. Jaime de Melo & Sherman Robinson, 2015. "Trade Policy And Resource Allocation In The Presence Of Product Differentiation," World Scientific Book Chapters, in: Modeling Developing Countries' Policies in General Equilibrium, chapter 16, pages 357-365, World Scientific Publishing Co. Pte. Ltd..
    4. Jaime de MELO & Sherman ROBINSON, 2015. "Product Differentiation And The Treatment Of Foreign Trade In Computable General Equilibrium Models Of Small Economies," World Scientific Book Chapters, in: Modeling Developing Countries' Policies in General Equilibrium, chapter 2, pages 21-41, World Scientific Publishing Co. Pte. Ltd..
    5. Kilkenny, Maureen & Robinson, Sherman, 1990. "Economywide Implications of Agricultural Liberalization in the United States," Staff Reports 278265, United States Department of Agriculture, Economic Research Service.
    6. Goulder, Lawrence H. & Summers, Lawrence H., 1989. "Tax policy, asset prices, and growth : A general equilibrium analysis," Journal of Public Economics, Elsevier, vol. 38(3), pages 265-296, April.
    7. De Melo, Jaime, 1988. "CGE models for the analysis of trade policy in developing countries," Policy Research Working Paper Series 3, The World Bank.
    8. Malley, James R. & Bell, David & Foster, John, 1991. "The specification, estimation and simulation of a small global macroeconomic model," Economic Modelling, Elsevier, vol. 8(4), pages 546-559, October.
    9. Chenery, Hollis B., 1984. "Economic Structure and Performance," Elsevier Monographs, Elsevier, edition 1, number 9780126800609 edited by Syrquin, Moshe & Taylor, Lance & Westphal, Larry E..
    10. Hanson, Kenneth A. & Robinson, Sherman, 1989. "Data, Linkages, And Models: U.S. National Income And Product Accounts In The Framework Of A Social Accounting Matrix," Staff Reports 278155, United States Department of Agriculture, Economic Research Service.
    11. Thomas W. Hertel & Marinos E. Tsigas, 1988. "Tax Policy and U.S. Agriculture: A General Equilibrium Analysis," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 70(2), pages 289-302.
    12. Ballard, Charles L. & Fullerton, Don & Shoven, John B. & Whalley, John, 2009. "A General Equilibrium Model for Tax Policy Evaluation," National Bureau of Economic Research Books, University of Chicago Press, number 9780226036335, December.
    13. Charles L. Ballard & Don Fullerton & John B. Shoven & John Whalley, 1985. "Introduction to "A General Equilibrium Model for Tax Policy Evaluation"," NBER Chapters, in: A General Equilibrium Model for Tax Policy Evaluation, pages 1-5, National Bureau of Economic Research, Inc.
    14. W. E. G. Salter, 1959. "Internal And External Balance: The Role Op Price And Expenditure Effects," The Economic Record, The Economic Society of Australia, vol. 35(71), pages 226-238, August.
    15. T. W.Swan, 1960. "Economic Control In A Dependent Economy," The Economic Record, The Economic Society of Australia, vol. 36(73), pages 51-66, March.
    16. Brown, Drusilla K., 1987. "Tariffs, the terms of trade, and national product differentiation," Journal of Policy Modeling, Elsevier, vol. 9(3), pages 503-526.
    17. Lawrence H. Goulder & Barry Eichengreen, 1992. "Trade Liberalization in General Equilibrium: Intertemporal and Inter-industry Effects," Canadian Journal of Economics, Canadian Economics Association, vol. 25(2), pages 253-280, May.
    18. Shoven, John B & Whalley, John, 1984. "Applied General-Equilibrium Models of Taxation and International Trade: An Introduction and Survey," Journal of Economic Literature, American Economic Association, vol. 22(3), pages 1007-1051, September.
    19. Devaragan, Shantayanan & Lewis, Jeffrey D. & Robinson, Sherman, 1990. "Policy lessons from trade-focused, two-sector models," Journal of Policy Modeling, Elsevier, vol. 12(4), pages 625-657.
    20. Kilkenny, Maureen, 1988. "Modelling the Removal of Production Incentive Distortions in the US Agricultural Sector," 1988 Conference, August 24-31, 1988, Buenos Aires, Argentina 183151, International Association of Agricultural Economists.
    21. Pereira, Alfredo M. & Shoven, John B., 1988. "Survey of dynamic computational general equilibrium models for tax policy evaluation," Journal of Policy Modeling, Elsevier, vol. 10(3), pages 401-436.
    22. repec:fth:harver:1438 is not listed on IDEAS
    23. Devarajan, Shantayanan & Lewis, Jeffrey & Robinson, Sherman, 1990. "Policy Lessons from Two-Sector Models," CUDARE Working Papers 198566, University of California, Berkeley, Department of Agricultural and Resource Economics.
    24. Rattso, Jorn, 1982. "Different macroclosures of the original Johansen model and their impact on policy evaluation," Journal of Policy Modeling, Elsevier, vol. 4(1), pages 85-97, March.
    25. Dewatripont, Mathias & Michel, Gilles, 1987. "On closure rules, homogeneity and dynamics in applied general equilibrium models," Journal of Development Economics, Elsevier, vol. 26(1), pages 65-76, June.
    26. Robinson, Sherman, 1989. "Computable General Equilibrium Models of Developing Countries: Stretching the Neoclassical Paradigm," CUDARE Working Papers 198497, University of California, Berkeley, Department of Agricultural and Resource Economics.
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    Keywords

    Agricultural and Food Policy;

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