This advanced textbook provides a straightforward but comprehensive introduction to applied general equilibrium modeling. General equilibrium is the backbone of modern economic analysis, which is why generation after generation of economics students have been introduced to it. As an analytical...

Foreword -- 1 Introduction -- 2 An Overview of General Equilibrium Theory -- 3 A simple General Equilibrium Model -- 4 A General Equilibrium Model with a Government Sector -- 5 Further Extension of the Model: External Sector, Labor Market and Consumption Technology -- 6 Data Base and Model...

Multiplier analysis based upon the information contained in Leontief's inverse is undoubtedly part of the core of the input-output methodology and numerous applications an extensions have been developed that exploit its informational content. Nonetheless there are some implicit theoretical...

We develop a novel linear equilibrium model with an Armington flavor. We provide (1) proof of the solvability of the model and of the existence and non-negativity of the equilibrium solution and of the newly derived multiplier matrix; we also show (2) that the standard Leontief multiplier matrix...