Introduction to computable general equilibrium models

Cover -- Half-title -- Title -- Copyright -- Dedication -- Contents -- Text Boxes -- About This Book -- Objectives -- Organization -- Resources for New CGE Modelers -- For the Instructor -- Acknowledgments -- 1 Introduction to Computable General Equilibrium Models -- Economic Models, Economists' Toys -- What Is a Computable General Equilibrium Model? -- Computable -- General -- Equilibrium -- A Standard CGE Model -- CGE Model Structure -- CGE Model Database -- CGE Model Applications -- Summary -- Key Terms -- Practice and Review -- 2 Elements of a Computable General Equilibrium Model -- Sets -- Endogenous Variables -- Exogenous Variables -- Model Closure -- Exogenous Parameters -- Tax and Tariff Rates -- Elasticity Parameters -- Supply Elasticity Parameters -- Demand Elasticity Parameters -- Shift and Share Parameters -- Model Calibration -- Equations -- Macroclosure -- Normalizing Prices -- Price Linkages -- Numeraire -- Structure of a CGE Model -- Summary -- Key Terms -- Practice and Review -- 3 The CGE Model Database: A Social Accounting Matrix -- Introduction to the Social Accounting Matrix -- Accounts in a SAM -- Production Activities -- Commodities -- Factors of Production -- Taxes -- Regional Household -- Private Households -- Government -- Savings-investment -- Trade Margins -- Rest-of-World -- Microeconomic Data in a SAM -- Macroeconomic Data in a SAM -- GDP from the Income Side -- GDP from the Expenditure Side -- Savings-Investment and the Balance of Trade -- Structure Table -- Industry GDP -- Industry Share in GDP -- Factor Shares in Industry Factor Cost -- Industry Shares in Factor Employment -- Commodity Shares in Domestic Demand -- Commodity Shares in Exports and Imports -- Import Share of Domestic Consumption -- Export Share of Production -- Tax Data in a SAM -- The SAM and Economic Models -- Summary -- Key Terms.