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An investigation of issues relating to where energy should enter the production function

Lecca, Patrizio; Swales, Kim; Turner, Karen - In: Economic Modelling 28 (2011) 6, pp. 2832-2841

hierarchical KLEM production function in a computable general equilibrium (CGE) model. The appropriate means of introducing energy …

Persistent link: https://www.econbiz.de/10010573391

Wage–productivity differentials and Indian economic efficiency

Sahoo, Amarendra; ten Raa, Thijs - In: Economic Modelling 29 (2012) 2, pp. 341-348

A frontier-general equilibrium analysis with skill transformation evaluates the productivities of skilled and unskilled …

Persistent link: https://www.econbiz.de/10011048776

Dynamics analysis and chaos control of a duopoly game with heterogeneous players and output limiter

Du, Jian-guo; Fan, Yue-qian; Sheng, Zhao-han; Hou, Yun-zhang - In: Economic Modelling 33 (2013) C, pp. 507-516

limiter affects the dynamics of output and the performance of players, and explore the number of the equilibrium points and … the distribution of conditioned equilibrium points of the model. We then discuss the stable region of conditioned … equilibrium. The theoretical results and numerical experiments show that adding appropriate limiter can make the system more …

Persistent link: https://www.econbiz.de/10010738006

International price transmission in CGE models: How to reconcile econometric evidence and endogenous model response?

Siddig, Khalid; Grethe, Harald - In: Economic Modelling 38 (2014) C, pp. 12-22

Equilibrium (CGE) models. The missing reconciliation among these tools could be due to PTA often being concerned with high …

Persistent link: https://www.econbiz.de/10010753361

Forward-looking and myopic regional Computable General Equilibrium models: How significant is the distinction?

Lecca, Patrizio; McGregor, Peter G.; Swales, J. Kim - In: Economic Modelling 31 (2013) C, pp. 160-176

We present a stylized intertemporal forward-looking model that accommodates key regional economic features, an area where the literature is not well developed. The main difference, from the standard applications, is the role of saving and its implication for the balance of payments. Though...

Persistent link: https://www.econbiz.de/10010636297

Endogenous current account balances in a world CGE model with international financial assets

Lemelin, André; Robichaud, Véronique; Decaluwé, Bernard - In: Economic Modelling 32 (2013) C, pp. 146-160

This paper presents an applied computable general equilibrium world model with financial assets and endogenous current … account, and capital and financial account balances. The capital and financial account equilibrium conditions, rather than … constrained by supply-and-demand equilibrium conditions on the market for international debt securities, under portfolio managers …

Persistent link: https://www.econbiz.de/10010664405

The analytical solution of balanced growth of non-linear dynamic multi-sector economic model

Zhang, Jin Shui - In: Economic Modelling 28 (2011) 1, pp. 410-421

In a one-sector neoclassical dynamic economic growth model, a reasonable ratio of investment to consumption exists, i.e., the “Golden Rule of Consumption”. This study is to extend one-sector neoclassical growth model to a multi-sector one. It is assumed that both the production function and...

Persistent link: https://www.econbiz.de/10011048747

Hopf bifurcation in the Clarida, Gali, and Gertler model

Barnett, William A.; Eryilmaz, Unal - In: Economic Modelling 31 (2013) C, pp. 401-404

We explore bifurcation phenomena in the open-economy New Keynesian CGG Model based on Clarida et al. (2001, 2002). We find that the open economy framework can bring about more complex dynamics, along with a wider variety of qualitative behaviors and policy responses. Introducing parameters...

Persistent link: https://www.econbiz.de/10010636282

On the existence and uniqueness of solution to the Lucas–Uzawa model

Chilarescu, Constantin - In: Economic Modelling 28 (2011) 1, pp. 109-117

In this paper we define the concept of admissible solution and then provide closed-form solutions for all variables of the model along the transitional dynamics path. We present numerical simulations and compare our results with those obtained through the methods developed by Boucekkine and...

Persistent link: https://www.econbiz.de/10010577097

R&D games in a Cournot duopoly with isoelastic demand functions: A comment

Luckraz, Shravan - In: Economic Modelling 28 (2011) 6, pp. 2873-2876

function can guarantee both the existence and the uniqueness of a Nash Equilibrium even in cases where existence is not …

Persistent link: https://www.econbiz.de/10010577136

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