CGE modeling and developing economies: A concise empirical survey of 73 applications to 26 countries

Decaluwé, Bernard; Martens, André

doi:10.1016/0161-8938(88)90019-1

Cited by 74 publications

(33 citation statements)

References 37 publications

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“…Presentations and overviews of this policy analysis tool may be found in Shoven & Whalley (1984, Manne (1985), Devarajan, Lewis andRobinson (1986, 1994), Martens (1993), Decaluwé and Martens (1988) as well as Gunning and Keyzer (1995). These models are generally non-stochastic and strongly nonlinear.…”

Section: Introductionmentioning

confidence: 99%

Confidence Regions for Calibrated Parameters in Computable General Equilibrium Models

Abdelkhalek¹,

Dufour²

2006

Annales d'Économie et de Statistique

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CIRANOLe CIRANO est un organisme sans but lucratif constitué en vertu de la Loi des compagnies du Québec. Le financement de son infrastructure et de ses activités de recherche provient des cotisations de ses organisationsmembres, d'une subvention d'infrastructure du ministère de la Recherche, de la Science et de la Technologie, de même que des subventions et mandats obtenus par ses équipes de recherche. Reproduction partielle permise avec citation du document source, incluant la notice ©. Short sections may be quoted without explicit permission, provided that full credit, including © notice, is given to the source. CIRANO is a private non-profit organization incorporated under the ISSN 1198-8177Ce document est publié dans l'intention de rendre accessibles les résultats préliminaires de la recherche effectuée au CIRANO, afin de susciter des échanges et des suggestions.

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Section: Introductionmentioning

confidence: 99%

Confidence Regions for Calibrated Parameters in Computable General Equilibrium Models

Abdelkhalek¹,

Dufour²

2006

Annales d'Économie et de Statistique

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“…PEREIRA; SHOVEN, 1988;DECALUWÉ;MARTENS, 1988;BERGMAN, 1990;BANDARA, 1991;ROBINSON, 1991;DIXON;PARMETER, 1996;ROBINSON, 2006). encontram-se disponíveis apenas parcialmente (HIGGS et al, 1988).…”

Section: Modelagem De Equilíbrio Geralunclassified

Modelagem e avaliação de fenômenos relacionados ao uso da terra no Brasil

Faria¹

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“…General Equilibrium (GE) theory is derived from the neo-classical school of economics associated with Gossen (1854), Jevons (1874), Walrus (1874) and Menger (1871) and is a modern take of Walras's competitive economy model (Decaluwé, 1988). The jump from theoretical to applied GE took place in the 1930s and 40s.…”

Section: Applied Models: How the Dominant Paradigm Evolvedmentioning

confidence: 99%

“…Their proliferation and application to developed (Shoven & Whalley, 1984) and developing economies (Decaluwé, 1988;DeMelo, 1988) supports a policy implementation reliance on market forces and incentives rather than centrally planned allocations (Decaluwé, 1988). Applied CGE modelling predicts the effects on the economy of changes in tax, trade, welfare, consumption, technology, interest rates, and wage arrangement policies among others, and is used widely at regional and global levels (McKibbin, 1998).…”

Section: Applied Models: How the Dominant Paradigm Evolvedmentioning

confidence: 99%

“…Historically, CGE models have been widely used to simulate economic policies in both developing and developed countries (Dean & Hoeller, 1992;Decaluwé, 1988;DeMelo, 1988;Weyant & Hill, 1999). The Organisation for Economic Co-operation and Development's (OECD) 1992 model comparisons project by Dean and Hoeller compared six global models.…”

Section: Applied Models: How the Dominant Paradigm Evolvedmentioning

confidence: 99%

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The impact of Australia’s carbon tax on a non-qualifying emissions intensive trade exposed manufacturing industry: demonstrating the utility of systems dynamics and life cycle assessment for policy analysis

McAvoy¹

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The research imperative for this thesis is climate change; in particular, whether the policies that Australia implemented to meet its Kyoto emissions reduction commitments were both reasonable for industry and mindful of the risks of unintended consequences. Australia first implemented its carbon-pricing mechanism (CPM) in July 2012 and repealed it two years later with a view to pursuing an abatement purchasing scheme. The CPM was informed by computable general equilibrium (CGE) modelling founded on the neoclassical theory of general equilibrium, despite such modelling being criticised for theoretical and empirical weaknesses. A primary criticism is the representation of both firm and consumer decisionmaking as having rational expectations or "perfect hindsight" (Sanstad & Greening, 1998).Another is an over-reliance on exogenously defined parameters which are necessary to test the effect of policies or conditions if the past is not a good guide to the future (Sanstad & Greening, 1998). Despite the concerns, CGE modelling informed the Australian government's climate policy. Many of the industries which incurred a carbon price did not have the structures necessary to qualify for the emissions intensive trade exposed (EITE) protection that other global schemes had introduced to prevent carbon leakage or loss of competitiveness.Red meat processing, which in Australia encompasses the processing of beef, lamb, sheep meat and goat meat for export and domestic consumption, is one such industry. It is a traditionally low margin industry exporting over seventy percent of production whilst operating in a price sensitive market with high levels of substitution. It is impacted by a dependence on export markets, commodity cycles, extreme weather, exchange rate movements, and global market challenges. In 2012, under the Clean Energy Policy, the industry's largest red meat processors (RMP), who triggered a threshold, paid for their GHG emissions without direct shielding. It is this industry's dynamic complexity that makes it anomalous amongst its global competitors and difficult to represent using traditional modelling approaches. The industry's resilience under a carbon price (tax) is part of a larger dynamic story and it is the complexity of the story that suggests that CGE models may not be the best models for analysing climate policy impacts.In an alternative and supplemental approach, this thesis investigates whether a systems thinking framework and system dynamics methodology can be applied to assessing the impact of the CPM on the red meat processor to better understand the influence on industry of pricing carbon. A simulation model of Australia's largest RMP and Australia's beef cattle ii production system has been developed. Life cycle assessment has enabled a partial carbon footprint to be calculated which informs the simulation's emissions parameterisation. Using a benchmark of net income, the simulations evaluate the CPM by answering the primary research question: "Can Australia's carbon tax policy enable...

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CGE modeling and developing economies: A concise empirical survey of 73 applications to 26 countries

Cited by 74 publications

References 37 publications

Confidence Regions for Calibrated Parameters in Computable General Equilibrium Models

Confidence Regions for Calibrated Parameters in Computable General Equilibrium Models

Modelagem e avaliação de fenômenos relacionados ao uso da terra no Brasil

The impact of Australia’s carbon tax on a non-qualifying emissions intensive trade exposed manufacturing industry: demonstrating the utility of systems dynamics and life cycle assessment for policy analysis

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