Equilibrium Models in an Applied Framework

This book gives the historical development, explanations of technical specifications, and a basic understanding of how to use different equilibrium models in an applied framework. It contains an accessible analytical survey of economic equilibrium models, including multi-sector programming models (linear and quadratic) and the computable general equilibrium (CGE) model. The book introduces the importance of disinvestment, and hence, a model of economic transformation is developed. Finally, the globalisation process of the production system is examined. The equilibrium models in this book are presented in an easy way. Although the book is primarily written for advanced undergraduates and beginning graduates, the reading of the book will appeal to anyone interested in economic theory and applied modelling in the field of economics.

Presents the whole range of applied equilibrium models (input-output, linear activity model, quadratic activity model, and the CGE model) Presents a transformation model, i.e., endogenous disinvestment and investment The CGE model presented is included in the GAMS model library. The GAMS distribution is available on internet without cost. Includes supplementary material: sn.pub/extras

Autorentext
Ronny Norén is Associate Professor of Economics at Mid Sweden University, Sweden. He received his Ph.D in economics at Stockholm University in 1987.

Inhalt
Introduction: The Issue of Structure and Transformation.- The Input-Output Model - A Studie of the Interindustry Structure.- The Outlook of the Sovereign Planner: The Linear Activity Model.- The Planner and the Market: The Takayama Judge Activity Model.- Appendix: The Reformulation of the Walras-Cassel Model.- Tables of Applications.- A Market with Autonomous Economic Decision Makers: Features of the CGE Model.- Appendix: A Summary of Models Presented.- An Applied Model - The CGE Mini Model.- Appendix: The Mathematical Equations of the Model.- Some Parameters Assignments of the Model.- A Suggested Model of Economic Transformation.- Back to the CGE Mini Model.- Globalisation and Intermediate Activity.- Appendix: Input of Intermediate Domestic Production and Imports.- Sector Classification.- A Final Word.