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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. Shoven,John B. & Whalley,John, 1992. "Applying General Equilibrium," Cambridge Books, Cambridge University Press, number 9780521266550.
    2. Arnold C. Harberger, 1962. "The Incidence of the Corporation Income Tax," Journal of Political Economy, University of Chicago Press, vol. 70(3), pages 215-215.
    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.
    Full references (including those not matched with items on IDEAS)

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    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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