It is a common practice in recursively dynamic CGE models to maintain static expectations. Consequently, investors take current rates of return as expected future rates of return. The vexing problem with this approach is that no matter how we allocate investments across sectors and regions in...

Forestry poses a challenge to computable general equilibrium (CGE) modellers working with recursively dynamic models. This is because of the lag between its inputs and output, which do not correspond to the same time period as other sectors. Inputs are applied for a number of years before a...

A simple general equilibrium model of a small open economy has been employed to show that even the complete and competitive market may fail to produce a Pareto efficient outcome under the condition of changing technology. Price taking firms can affect prices they face, NOT what others face, by...

In recent years global general equilibrium (GE) models have been used to analyse policy issuessuch as trade liberalisation, regional integration and environmental policies. While a globalCGE model is an excellent tool to perform a comprehensive analysis of such policies, it requiresan enormous...

In recent years global general equilibrium (GE) models have been used to analyse policy issues such as trade liberalisation, regional integration and environmental policies. While a global CGE model is an excellent tool to perform a comprehensive analysis of such policies, it requires an...

We present the Canberra-Hamburg Integrated Model for Population (CHIMP), a new global population model for long-term projections. Distinguishing features of this model, compared to other model for secular population projections, are that (a) mortality, fertility, and migration are partly driven...