The Experts below are selected from a list of 18570 Experts worldwide ranked by ideXlab platform
Hideo Hashimoto - One of the best experts on this subject based on the ideXlab platform.
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The Simple CGE Model
Textbook of Computable General Equilibrium Modelling, 2010Co-Authors: Nobuhiro Hosoe, Kenji Gasawa, Hideo HashimotoAbstract:In this chapter, we develop the simplest possible CGE Model, hereafter called the ‘simple CGE Model’, with one household, two firms, two goods (bread and milk) and two factors (capital and labour).1,2 As all the CGE Models used for empirical policy analysis are extensions of this simple CGE Model, it is vitally important to understand how the Model is built and what implications can be derived from the equilibrium of the Model.
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The Standard CGE Model
Textbook of Computable General Equilibrium Modelling, 2010Co-Authors: Nobuhiro Hosoe, Kenji Gasawa, Hideo HashimotoAbstract:The ‘simple CGE Model’ presented in Chapter 2 is equipped with only the essential features of a very basic macroeconomic Model, and thus it cannot be used for empirical analyses. Here, we extend the Model by incorporating the following four features. First, we introduce intermediate inputs into the production process. Second, we introduce a government into the Model, where its consumption, and direct and indirect taxes revenues including import tariffs, are considered. Third, we also introduce investment and savings. Finally, we extend the Model to an open economy Model, where international trade is considered. We call this Model the ‘standard CGE Model’, whose social accounting matrix (SAM) was previously shown in Table 4.2 in Chapter 4.1
Edward C Waters - One of the best experts on this subject based on the ideXlab platform.
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impacts of recent shocks to alaska fisheries a computable general equilibrium CGE Model analysis
Marine Resource Economics, 2010Co-Authors: Edward C Waters, Chang K SeungAbstract:Abstract We use a computable general equilibrium (CGE) Model to investigate impacts of three exogenous shocks to Alaska fisheries: i) a 31% reduction in the walleye pollock allowable catch; ii) a 125% increase in fuel price; and iii) both shocks simultaneously. The latter scenario reflects actual industry trends between 2004 and 2008. Impacts on endogenous output, employment, factor income, and household income are assessed. We also estimate changes in a measure of household welfare and compare Model results against actual change in pollock and seafood prices. Few examples of CGE studies addressing fisheries issues appear in the literature. This study is unique in that it includes more disaggregated industry sectors and examines supply-side shocks that are difficult to address using fixed-price Models. This study also overcomes a serious deficiency in Models that use unadjusted seafood sector data in IMPLAN (IMpact analysis for PLANning) by developing the fish harvesting and processing sectors independent...
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evaluating supply side and demand side shocks for fisheries a computable general equilibrium CGE Model for alaska
Economic Systems Research, 2010Co-Authors: Chang K Seung, Edward C WatersAbstract:This study used computable general equilibrium (CGE) Models to investigate the economic effects of three exogenous shocks to Alaska fisheries: (1) reduction in pollock allowable catch (TAC); (2) increase in fuel price; and (3) reduction in demand for seafood. Two different Model versions, ‘Keynesian’ and ‘neoclassical’, were used to estimate impacts on endogenous output, employment, value added, and household income. By using a CGE Model, this study overcomes the limitations of fixed-price Models (such as input–output Models) including (1) inability to calculate welfare effects due to fixed prices; and (2) difficulty of addressing supply-side shocks. There are currently few examples of CGE studies addressing fisheries issues appearing in the literature. Among those, this study is unique in that it uses a relatively disaggregated sector scheme and examines both supply-side and demand-side shocks.
Rashmi Umesh Arora - One of the best experts on this subject based on the ideXlab platform.
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does trade liberalization promote regional disparities evidence from a multiregional CGE Model of india
World Development, 2014Co-Authors: Athula Naranpanawa, Rashmi Umesh AroraAbstract:Summary Over last few decades, there has been a growing interest among researchers in understanding the link between trade liberalization and regional disparities within the context of an individual country. In this study, we develop the first ever single-country multiregional Computable General Equilibrium (CGE) Model for the Indian economy to investigate this linkage. Overall our results suggest that, in the short run, trade liberalization has a beneficial impact on the rich and fast-growing middle-income states and a marginal or negative impact on the poor states.
Chang K Seung - One of the best experts on this subject based on the ideXlab platform.
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impacts of recent shocks to alaska fisheries a computable general equilibrium CGE Model analysis
Marine Resource Economics, 2010Co-Authors: Edward C Waters, Chang K SeungAbstract:Abstract We use a computable general equilibrium (CGE) Model to investigate impacts of three exogenous shocks to Alaska fisheries: i) a 31% reduction in the walleye pollock allowable catch; ii) a 125% increase in fuel price; and iii) both shocks simultaneously. The latter scenario reflects actual industry trends between 2004 and 2008. Impacts on endogenous output, employment, factor income, and household income are assessed. We also estimate changes in a measure of household welfare and compare Model results against actual change in pollock and seafood prices. Few examples of CGE studies addressing fisheries issues appear in the literature. This study is unique in that it includes more disaggregated industry sectors and examines supply-side shocks that are difficult to address using fixed-price Models. This study also overcomes a serious deficiency in Models that use unadjusted seafood sector data in IMPLAN (IMpact analysis for PLANning) by developing the fish harvesting and processing sectors independent...
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evaluating supply side and demand side shocks for fisheries a computable general equilibrium CGE Model for alaska
Economic Systems Research, 2010Co-Authors: Chang K Seung, Edward C WatersAbstract:This study used computable general equilibrium (CGE) Models to investigate the economic effects of three exogenous shocks to Alaska fisheries: (1) reduction in pollock allowable catch (TAC); (2) increase in fuel price; and (3) reduction in demand for seafood. Two different Model versions, ‘Keynesian’ and ‘neoclassical’, were used to estimate impacts on endogenous output, employment, value added, and household income. By using a CGE Model, this study overcomes the limitations of fixed-price Models (such as input–output Models) including (1) inability to calculate welfare effects due to fixed prices; and (2) difficulty of addressing supply-side shocks. There are currently few examples of CGE studies addressing fisheries issues appearing in the literature. Among those, this study is unique in that it uses a relatively disaggregated sector scheme and examines both supply-side and demand-side shocks.
Nobuhiro Hosoe - One of the best experts on this subject based on the ideXlab platform.
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The Simple CGE Model
Textbook of Computable General Equilibrium Modelling, 2010Co-Authors: Nobuhiro Hosoe, Kenji Gasawa, Hideo HashimotoAbstract:In this chapter, we develop the simplest possible CGE Model, hereafter called the ‘simple CGE Model’, with one household, two firms, two goods (bread and milk) and two factors (capital and labour).1,2 As all the CGE Models used for empirical policy analysis are extensions of this simple CGE Model, it is vitally important to understand how the Model is built and what implications can be derived from the equilibrium of the Model.
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The Standard CGE Model
Textbook of Computable General Equilibrium Modelling, 2010Co-Authors: Nobuhiro Hosoe, Kenji Gasawa, Hideo HashimotoAbstract:The ‘simple CGE Model’ presented in Chapter 2 is equipped with only the essential features of a very basic macroeconomic Model, and thus it cannot be used for empirical analyses. Here, we extend the Model by incorporating the following four features. First, we introduce intermediate inputs into the production process. Second, we introduce a government into the Model, where its consumption, and direct and indirect taxes revenues including import tariffs, are considered. Third, we also introduce investment and savings. Finally, we extend the Model to an open economy Model, where international trade is considered. We call this Model the ‘standard CGE Model’, whose social accounting matrix (SAM) was previously shown in Table 4.2 in Chapter 4.1