We compare the impact of alternative domestic and global trade liberalization scenarios on five economies in Southern Africa. The study applies a computable general equilibrium model that employs standardised 12-sector social accounting matrices for Malawi, Mozambique, Tanzania, Zambia, and...

The Asian financial crisis led to a major devaluation of the Indonesian exchange rate, macro instability, and the need for a “structural adjustment” program. The real devaluation affects prices throughout the economy and has a major impact on growth, production, deforestation, and income...

This paper analyzes two potential trade liberalization scenarios – a Free Trade Area of the Americas (FTAA) and possible links between MERCOSUR and the European Union (EU) – in a world computable general equilibrium (CGE) model. The model also incorporates some macro elements such as a cash-...

Many of the countries in the Southern Africa region have very sketchy trade data, due to disruptions in data collection (caused by war in the case of Mozambique and sanctions-induced secrecy in South Africa, for instance) or weak statistical institutions. These trade data are also often in...

The Heckscher-Ohlin-Samuelson (HOS) model in international trade theory provides a powerful general-equilibrium paradigm for analyzing the impact of changes in trade on factor returns. In the HOS model, factor returns are determined solely by commodity prices, which are determined on large world...

We introduce a maximum entropy approach to parameter estimation for computable general equilibrium (CGE) models. The approach applies information theory to estimating a system of nonlinear simultaneous equations. It has a number of advantages. First, it imposes all general equilibrium...

This paper uses a Computable General Equilibrium (CGE) model to simulate the short-run effects of alternative food- subsidy scenarios. Savings from reduced subsidy spending are used to reduce direct taxes uniformly for all household types. The model uses a 1996/97 database with detailed...

The paper presents a "Watershed Computable General Equilibrium (CGE) Model "for the Olifants River Catchment." A CGE provides an appropriate framework in which to explore policy alternatives for achieving more efficient water and land use.

This paper provides a detailed documentation of an applied CGE model of Malawi – the first ever for Malawi – developed in the context of the project “Collaborative Research and Capacity Strengthening for Multi-Sector Policy Analysis in Malawi and Southern Africa.” The purpose of this...

Weather fluctuations, such as those caused by the El Niño Southern Oscillation (ENSO), add to the riskiness associated with agricultural production. Improved predictive capacity may help ameliorate negative impacts of climate and weather shocks on agriculture, but it is possible that the...