Topic
Applied general equilibrium
About: Applied general equilibrium is a research topic. Over the lifetime, 715 publications have been published within this topic receiving 19506 citations.
Papers published on a yearly basis
Papers
Book•
1 Jan 1982
TL;DR: A comprehensive survey of multisector, economy-wide planning models weighing their power to address issues of trade, distribution, growth, and structural change is presented in this paper, where the authors combine theoretical discussion of the properties of applied equilibrium models with numerical applications to particular countries, and problems.
Abstract: This comprehensive survey of multisector, economy-wide planning models weighs their power to address issues of trade, distribution, growth, and structural change. The authors combine theoretical discussion of the properties of applied equilibrium models with numerical applications to particular countries, and problems. The models consider ranges from input-output and linear programming to the more recent nonlinear computable general equilibrium models. The authors examine how these models can be used to measure growth and structural change, to select an appropriate foreign exchange regimen, and to evaluate the impact of alternative development strategies on the distribution of income. The empirical applications draw on the experience of particular countries, and comparisons among countries to demonstrate how such models provide a useful framework for policy analysis. Particular attention is given to the difficulties of formulating plans and policies in mixed-market economies and to the problems of capturing the real constraints on policymakers within the abstractions of a model.
1,663 citations
Book•
1 Jan 1992
TL;DR: In this paper, a general equilibrium model of United States tax policies is proposed and applied using applied general equilibrium models. But this model is not suitable for single country trade models and cannot be applied to global trade models.
Abstract: 1. Introduction Part I. Techniques: 2. General equilibrium theory 3. Computing general equilibria Part II. Applying the Techniques: 4. Designing and applied general equilibrium model 5. Using applied general equilibrium models 6. A harberger tax model application 7. A general equilibrium model of United States tax policies Part III. Policy Applications: 8. Global trade models 9. Single country trade modelling 10. Analysis of price controls and stabilization policies 11. Conclusion.
1,233 citations
1 Jan 1983
TL;DR: The authors acknowledge the help of three referees and of John Pencavel on several earlier drafts, as well as the assistance of the modelers whose work is referred to in the paper.
Abstract: We wish to acknowledge the help of three referees and of John Pencavel on several earlier drafts, as well as the assistance of the modelers, whose work is referred to in the paper. They corrected our lack of understanding of their work and provided many other helpful comments. Excellent research and bibliographical assistance have been provided by Debbie Fretz, Radwan Shaban, and Janet Stotsky. Helpful comments have been made by Charles Ballard, Michael Boskin, Lans Bovenberg, Sylvester Damus, Harvey Galper, Glenn Harrison, Gordon Lenjosek, Jack Mutti, Serena Ng, T. N. Srinivasan, Charles Stuart, and Eric Toder. The authors also acknowledgefinancial support from the National Bureau of Economic Research, the National Science Foundation, International Business Machines, and the Social Sciences and Humanities Research Council: Ottawa, Canada.
1,092 citations
Posted Content•
Abstract: The aim of this book is to make more widely available a body of recent research activity that has become known as applied general equilibrium analysis. The central idea underlying this work is to convert the Walrasian general equilibrium structure (formalized in the 1950s by Kenneth Arrow, Gerard Debreu and others) from an abstract representation of an economy into realistic models of actual economies. Numerical, empirically based general equilibrium models can then be used to evaluate concrete policy options by specifying production and demand parameters and incorporating data reflective of real economies. Shoven and Whalley describe all aspects of developing applied general equilibrium models, including developing an appropriate equilibrium structure, calibrating the model, compiling counterfactual equilibria, and interpreting results. The authors contend that the Walrasian general equilibrium model provides an ideal framework for appraising the effects of policy changes on resource allocation, assessing who gains and who loses, and the policy impacts not well covered by empirical macro models. The applications in the book illustrate a number of ways in which fresh insights are provided in longstanding policy controversies.
1,008 citations
Posted Content•
TL;DR: In this paper, an applied general equilibrium model of a small open economy is described, which incorporates industrial organization structures heretofore absent from applied G.E. trade models, such as scale economies, product differentiation and explicit price setting.
Abstract: An applied general equilibrium model of a small open economy is described. The model incorporates industrial organization structures heretofore absent from applied G.E. trade models. Scale economies, product differentiation and explicit price setting are novel model features. Some illustrative results for trade liberalization policies are given for a 1976 Canadian data set and contrasted with a conventional constant returns neoclassical model on the same data set. Results from the alternative models differ significantly. (This abstract was borrowed from another version of this item.)
542 citations
Related Topics (5)
Performance Metrics
| Year | Papers |
|---|---|
| 2025 | 2 |
| 2024 | 5 |
| 2023 | 9 |
| 2022 | 8 |
| 2021 | 3 |
| 2020 | 10 |