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These detailed surveys of major subjects in Computable General Equilibrium modeling reveal the ways that this approach can inform real economic decision-making.

Table of Contents

Section 1. Overview

1. An introduction to CGE modeling --  Peter B. Dixon and Dale W. Jorgenson

Section 2. Single-Country CGE Projects

2. The MONASH style of CGE modeling: a framework for hisorical, decomposition, forecast and policy simulations -- Peter B. Dixon, Robert B. Koopman and Maureen T. Rimmer 3. CGE assessments of fiscal sustainability in Norway -- Erling Holmoy 4. MAMS - a Computable General Equilibrium Model for Developing Country Strategy Analysis --Hans Lofgren, Martin Cicowiez and Carolina Diaz-Bonilla 5. The contribution of CGE modeling to policy formulation in developing countries --  Sherman Robinson and Shantayanan Devarajan 6. Putting services and foreign direct investment into CGE models: reflections on the use of CGE models in policy discussions --  David Tarr 7. Regional CGE Modeling -- John R. Madden and James A. Giesecke 8. IGEM: a model of U.S. economic growth and the environment --  Dale W. Jorgenson, Peter Wilcoxen and Mun Ho 9. Energy and Environment Modeling in Australia -- Philip D. Adams and Brian R. Parmenter 10. Tax reform, the cost of capital, and U.S. economic growth -- Dale W. Jorgenson and Kun-Young Yun 11. Dynamic overlapping generations computational general equilibrium models and the analysis of tax policy --   John W. Diamond and George R. Zodrow

Section 3. Global CGE Projects

12. Applied General Equilibrium Analysis using the GTAP Framework -- Thomas Hertel 13. Estimating effects of price-distorting policies using alternative distortions databases-- Kym Anderson, Will Martin and Dominique van der Mensbrugghe 14. Global Dynamic Scenarios—Structural and Environmental Implications -- Dominique van der Mensbrugghe 15. Energy and environment, a global approach: G-cubed-- Warwick J. McKibbin 16. Integrated economic and climate modeling -- William Nordhaus

Section 4. CGE Data, Parameter Estimation, Validation and Computation

17. An econometric approach to general equilibrium modeling --Dale W. Jorgenson, Hui Jin and Daniel T. Slesnick 18. Trade Elasticity Parameters for a CGE Model -- Russell Hillberry and David Hummels 19. Validation of CGE models -- Peter B. Dixon and Maureen T. Rimmer 20. Solution Software for CGE Modeling  -- Mark Horridge, Alex Meeraus, Ken Pearson and Thomas F, Rutherford

Section 5. Advancing CGE Methodology

21. Income distribution and Computable General Equilibrium models: macro- micro modelling -- Francois Bourguignon and Maurizio Bussolo 22. The New Keynesian approach to dynamic general equilibrium modeling: models, methods and macroeconomic policy evaluation -- Volker Wieland and Sebastian Schmidt 23. Computing general equilibrium theories of monopolistic competition and heterogeneous firms -- Edward J. Balistreri and Thomas F, Rutherford 24. Market Structure in CGE Models of International Trade -- Joseph Francois, Miriam Manchin and Will Martin 25. CGE modeling of trade in services -- Joseph Francois and Bernard Hoekman 26. Labor market modeling in a CGE context -- Stefan Boeters and Luc Savard 27. Aging and social insurance in a CGE framework -- Laurence Kotlikoff, Hans Fehr and Sabine Jokisch

About the Author

Sir John Monash Distinguished Professor, Centre of Policy Studies, Monash University, Australia Professor of Economics, Harvard University, Cambridge, Mass USA

Reviews

"The chapters in this volume address many of the most challenging economic policy issues facing both developed and developing countries and regions. The book is required reading for anyone wishing to understand the power and range of computable general equilibrium modelling as an input to strategy analysis and policy making."--Larry Dwyer, University of New South Wales "The rich CGE applications presented in this volume show that CGE modeling is a vital tool for policy analysis. These chapters will be valuable resources for students and scholars who are interested in new insights and developments."--Jian Xie, The World Bank "This volume is a clearly written, comprehensive review of the state of the art in CGE modeling, and will be of great value both to those who do CGE modeling and those who use CGE model results for policy analysis and evaluation."--David G. Abler, Pennsylvania State University