Title: Elements of a Computable General Equilibrium Model
Abstract: In this chapter, we deconstruct the computable general equilibrium model and describe its core elements. These include sets, endogenous and exogenous variables, exogenous parameters, behavioral and identity equations, and model closure. We describe prices, price normalization and the numeraire. We explain how the CGE model runs, including the processes of calibrating and solving the model, and carrying out an experiment.
Publication Year: 2011
Publication Date: 2011-02-21
Language: en
Type: book-chapter
Indexed In: ['crossref']
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