Applied General Equilibrium

Flóres, Manuel Alejandro Cardenete; Guerra, Ana-Isabel; Sancho, Ferrán

doi:10.1007/978-3-642-24746-0

Cited by 27 publications

(11 citation statements)

References 47 publications

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“…Partial equilibrium models are often used to simulate the effects of exogenous changes such policy reforms and demand and supply shocks on a given economic sector (Cardenete et al, 2012). Partial equilibrium models consider both supply and demand sides in which equilibrium prices are set to clear the market.…”

Section: Partial Equilibrium Modelsmentioning

confidence: 99%

Revisiting economic burdens of malaria in the face of climate change: a conceptual analysis for Ethiopia

Yalew

2020

IJCCSM

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Purpose Climate change affects the geographic and seasonal range of malaria incidence, especially, in poor tropical countries. This paper aims to attempt to conceptualize the potential economic repercussions of such effects with its focus on Ethiopia. Design/methodology/approach The paper is conceptual and descriptive in its design. It first reviews existing literature and evidence on the economic burdens of malaria, and the impacts of climate change on malaria disease. It then draws the economic implications of the expected malaria risk under the future climate. This is accompanied by a discussion on a set of methods that can be used to quantify the economic effects of malaria with or without climate change. Findings A review of available evidence shows that climate change is likely to increase the geographic and seasonal range of malaria incidence in Ethiopia. The economic consequences of even a marginal increase in malaria risk will be substantial as one considers the projected impacts of climate change through other channels, the current population exposed to malaria risk and the country’s health system, economic structure and level of investment. The potential effects have the potency to require more household and public spending for health, to perpetuate poverty and inequality and to strain agricultural and regional development. Originality/value This paper sheds light on the economic implications of climate change impacts on malaria, particularly, in Agrarian countries laying in the tropics. It illustrates how such impacts will interact with other impact channels of climate change, and thus evolve to influence the macro-economy. The paper also proposes a set of methods that can be used to quantify the potential economic effects of malaria. The paper seeks to stimulate future research on this important topic which rather has been neglected.

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Section: Partial Equilibrium Modelsmentioning

confidence: 99%

Revisiting economic burdens of malaria in the face of climate change: a conceptual analysis for Ethiopia

Yalew

2020

IJCCSM

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“…Computable general equilibrium techniques have advantages over other partial equilibrium models, as they provide a complete representation of the economic agents and their optimization behavior [21]. CGE models also take into account all the interactions between economic agents by completing the representation of the circular flow of income and accordingly, are not limited to the production side of the economy.…”

Section: The Modelmentioning

confidence: 99%

Water and Agriculture in a Mediterranean Region: The Search for a Sustainable Water Policy Strategy

Llop

Ponce-Alifonso

2016

Water

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This paper analyzes two of the main challenges facing agriculture in Europe: technological changes and the application of the principle of cost recovery to water services. Our study takes into account the economic, social, and ecological consequences associated with these measures. Specifically, we consider the effects of these two situations not only on water consumption, but also on environmental, social, and economic indicators. Our study also includes two institutional scenarios involving the possibility or impossibility of performing transactions in formal water markets. By using a computable general equilibrium (CGE) model for the economy of Catalonia, a region located in Northeastern Spain, our results suggest that institutions related with water markets matter in terms of the effects that agricultural policies cause on water resources. They also suggest that greater economic efficiency is not necessarily optimal if we consider social or environmental criteria.

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“…In particular, econometric modelling is providing ever more accurate estimates of the parameter values that are included in CGE models, relating to more disaggregated levels of analysis. With the substantial increases in computing power and the availability of solution algorithms for large nonlinear equation systems, CGE models with great sector detail became solvable and can accommodate national accounting data in detail (Burfisher, 2011, Cardenete et al, 2012 Microsimulation models linked to CGE models can make a significant contribution to the evaluation and implementation of public policies that reduce income inequalities within and between destinations. They are now being applied at regional levels (Partridge & Rickman,2010).…”

Section: Microeconomic Informationmentioning

confidence: 99%

Computable general equilibrium modelling: an important tool for tourism policy analysis

Dwyer¹

2015

Tour. hosp. manag.

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Purpose -Economic impact analysis in tourism has recently undergone a profound change in approach. In contrast to earlier emphasis on input-output (I-O) models, computable general equilibrium (CGE) models, are being used worldwide to estimate the resulting net macroeconomic and industry effects and for tourism policy analysis. The purpose of this paper is to provide an overview of the role that computable general equilibrium modelling is playing and can play in estimating the economic impacts of tourism shocks and in tourism policy formulation and implementation by destination managers. Design -The study discusses the nature of CGE modelling to project the economic impacts of tourism demand shocks, comparing its advantages over standard I-O analysis. It then identifies several studies where CGE analysis provides insights to tourism researchers that could not be revealed using the standard I-O technique. The importance of CGE analysis for tourism policy analysis is highlighted Methodology and Approach -The study reviews important contributions to CGE modelling in tourism contexts, including many of the authors publications Findings -The paper discusses applications of CGE modelling to tourism, identifying several areas where tourism analysis and policy have been suitably informed as a result of such modelling. Particular insights that CGE modelling has brought to tourism planning, forecasting and policy analysis are identified. Originality of the research -Due to its technical nature, tourism researchers are generally unaware of the advantages of CGE modelling compared to standard economic impact analysis using I-O models. This study identifies and discuss the key reasons why CGE modelling should be accorded greater attention by governments and their agencies, consultants and researchers associated with tourism analysis and policy.

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Applied General Equilibrium

Cited by 27 publications

References 47 publications

Revisiting economic burdens of malaria in the face of climate change: a conceptual analysis for Ethiopia

Revisiting economic burdens of malaria in the face of climate change: a conceptual analysis for Ethiopia

Water and Agriculture in a Mediterranean Region: The Search for a Sustainable Water Policy Strategy

Computable general equilibrium modelling: an important tool for tourism policy analysis

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