Energy-Economy-Environment (E3) modelers have called to develop “hybrid” models that aim at reconciling bottom-up and top-down approaches (Hourcade et al. 2006) to overtake their respective limits: on the one hand, engineers focus on the fine representation of technologies but without taking...

I estimate the elasticity of substitution between capital, labour and energy in Central and Eastern European countries to make CGE models more accurate. The CGE models often use elasticity of substitution of production factors estimated for another countries or average of elasticities taken from...

This paper examines the macroeconomic consequences of the diversion of migration flows away from Germany towards the UK in the course of the EU’s Eastern Enlargement. Based on a forecast of the migration potential under the conditions of free movement and of the transitional arrangements, we...

Multi-sector, multi-region computable general equilibrium (CGE) models are typically based on the most recent consistent accounts of region- and sector-specific production, consumption, bilateral trade and energy flows as provided by the GTAP data base. However, even the most recent data base...

The purpose of the research is to unveil conditions for sustainable development by studying relationship between natural (I) and non-natural (II) wealth based on Carl Marx’ re-production scheme. General Equilibrium Model extented to Marx's Production Schema Realization results of the model...

The objective of this study is to construct a 2-goods “tradable and non-tradable”, 4-factors, 13-industries, single-country general equilibrium model with references to the case- specific features of North Cyprus and explore the impact of external income shock on the economy as a whole. The...

The government of Quebec has launched a major public infrastructure spending program funded essentially by debt. This choice can have long term consequences on growth if the eviction effect is strong. In this paper, we use a recursive dynamic model of the Quebec economy to analyse alternative...

This paper will review the specification of international trade in CGE models, focusing on how the modelers have drawn on trade theory to build empirical models to analyze issues of: trade liberalization, regional integration, trade-wage links, structural adjustment to macro shocks, choice of...

Universal primary education ranges prominently among the Millennium Development Goals and is thus regarded as an important component of human development. In addition, education is widely believed to allow a country to access a higher steady state growth path by accumulating human capital....

This paper models the Hawaii’s economy in a CGE framework in order to analyze the economic impacts of energy (electricity) efficiency. Looking at energy flows in Hawaii’s economy, this paper traces the greenhouse gas (GHG) footprint of industry activities by linking a monetary computable...