A Complementarity Approach to Solving Computable General Equilibrium Models
نویسندگان
چکیده
Computable general equilibrium (CGE) models play a central role in modern economic modeling, bearing on a wide range of important applications in international climate and trade policies, growth and development of countries, national income distribution and equality studies. We formulate a canonical CGE model as a complementarity problem and introduce CIM-EARTH, a collection of open-source extended mathematical programming (EMP) frameworks written in AMPL and C++ for automatically generating and solving the resultant complementarity problems.
منابع مشابه
Impacts of Import Tariff Cuts on the Iranian Labor Market Structure: a Computable General Equilibrium Model Approach
Most debates about the role of tariff cuts on the level of employment and rate of wages in labor market have come out of well-known Hecscher â Ohlin and Stopler â Samuelson (HOS) theorems. Considering the fact that we have divided the workforce into skilled and unskilled labors the present paper assesses the impacts of tariff cuts on labor market indicators in Iran. To address these issues...
متن کاملThe Effect of Climate Change on Economic Growth (Dynamic Computable General Equilibrium Model Approach in Iran)
Climate change is one of the most important issues affecting different economic sectors. Although this phenomenon has had a larger effect on the agricultural sector due to the heavy dependence of agriculture on weather conditions as compared to the other economic sectors, other economic sectors such as the industry, mining and service sectors are also influenced by weather changes due to their ...
متن کاملStudying the Effects of Non-Oil Exports on Targeted Economic Growth in Iranian 5th Development Plan:A Computable General Equilibrium Approach
This paper estimates the effects of increase in Iran’s non-oil exports on its economic growth as well as sectoral outputs, using a single country, comparative static, exogenous policy Computable General Equilibrium (CGE) model. The paper also investigates the share of tradable sectors in reaching to the targeted growth rate (8%) in 5th socio-economic development plan. For this purpose, the para...
متن کاملThe Effects of Energy Efficiency Improvements in the Electricity Sector on the Iranian Economy: A Computable General Equilibrium Approach
Improving energy efficiency is one of the most important energy policies in many countries. This study mainly focused on the economic and environmental effects of energy efficiency improvements in Iran’s electricity sector on Iran’s economy using a computable general equilibrium framework. Furthermore, the potential benefits of carbon reduction were explored. The results showed that the most si...
متن کاملInvestigating the Use of Oil Revenues with the Assumption of Dutch Disease in Different Economic Sectors of Iran: a Dynamic Computable General Equilibrium (DCGE) Approach
The use of revenue from natural resources, including oil, has always attracted the attention of politicians, economists and political scientists as well as various social groups. Here, we study the optimal consumption of oil revenues under different interest rate and social discount rate scenarios, and presence of Dutch disease, using a dynamic computable general equilibrium approach.The result...
متن کامل