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A SAM framework for general equilibrium modeling and economic policy analysis
In: Cogent Economics & Finance 8 (2020) 1, pp. 1-21
Social accounting matrix (SAM) is the linkage bridge between economic data and policy analysis in the general … equilibrium models. While the empirical SAM is built upon economic data from the system of national accounts, the theoretical SAM … is built upon the relation between economic actors in the economy. This paper proposes the SAM framework for the data …
Persistent link: https://www.econbiz.de/10014001341
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Efficiency-wage hypothesis and the operational production pattern
Naqvi, Nadeem; Schürg, Carolin V. - 2011
An economy's production set is the collection of all net output vectors that the economy is capable of producing with a given technology and fixed quantities of primary factors of production. The boundary of this set is called the production possibility frontier or PPF. We show that, if the...
Persistent link: https://www.econbiz.de/10010286384
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Market-dependent production set
Egbert, Henrik; Naqvi, Nadeem - 2011
theory, exogenous changes in technology or primary-factor supplies alter equilibrium prices; however, government …
Persistent link: https://www.econbiz.de/10010286432
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Macroeconomic Evolution after a Production Shock: the Role for Financial Intermediation
Vinogradov, Dmitri V. - 2006
Financial intermediaries may increase economic efficiency through intertemporal risk smoothing. However without an adequate regulation, intermediation may fail to do this. This paper studies the effects of a production shock in a closed economy and compares abilities of market-based and...
Persistent link: https://www.econbiz.de/10011422146
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Gender and informal sector analysis in India: Economy wide approaches
Sinha, Anushree; Khan, Haider A. - 2008
accounting matrix (SAM) and general equilibrium models such as the computable general equilibrium (CGE) models including as a … is facilitated by the use of national level data and constructing the base data set as an SAM. Another important strategy …
Persistent link: https://www.econbiz.de/10010274423
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Reforming the labor market and improving competitiveness: An analysis for Spain using FiMod
Schwarzmüller, Tim; Stähler, Nikolai - 2011
This paper uses an extended version of 'FiMod - A DSGE Model for Fiscal Policy Simulations' (Stähler and Thomas, 2011) with endogenous job destruction decisions by private firms to analyze the effects of several currently discussed labor market reforms on the Spanish economy. The main focus is...
Persistent link: https://www.econbiz.de/10010307705
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Higher Price, Lower Costs? Minimum Prices in the EU Emissions Trading Scheme
Abrell, Jan; Rausch, Sebastian; Yonezawa, Hidemichi - 2017
This paper examines the efficiency and distributional impacts of introducing a price floor in an emissions trading system (ETS) when environmental regulation is partitioned. We theoretically characterize the conditions under which a price floor enhances welfare. Using a multi-country...
Persistent link: https://www.econbiz.de/10011753307
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When inefficiency begets efficiency
Gersbach, Hans; Haller, Hans - 2003
Collective consumption decisions taken by the members of a household may prove inefficient. The impact of such inefficient household decisions on market performance is investigated. At one extreme, market efficiency can occur even when household decisions are inefficient, namely when household...
Persistent link: https://www.econbiz.de/10010292768
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Policy Risk and the Business Cycle
Born, Benjamin; Peifer, Johannes - 2011
The argument that policy risk, i.e. uncertainty about monetary and fiscal policy, has been holding back the economic recovery in the U.S. during the Great Recession has a large popular appeal. We analyze the role of policy risk in explaining business cycle fluctuations by using an estimated New...
Persistent link: https://www.econbiz.de/10010293363
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The road less travelled: Oligopoly and competition policy in general equilibrium
Neary, J. Peter - 2002
I review previous approaches to modelling oligopoly in general equilibrium, and propose a new view which in principle overcomes their deficiencies: modelling firms as large in their own market but small in the economy as a whole. Implementing this approach requires a tractable specification of...
Persistent link: https://www.econbiz.de/10010293767