Economic Performance through Time: a General Equilibrium Model
نویسندگان
چکیده
This paper presents a simple general equilibrium model of economic performance through time. The model incorporates 4 main determinants of economic performance: technology, capital investment, the division of labor and institutions. It demonstrates that growth is not automatic even with technological progress. In order to maintain economic growth, it is important to continuously implement new technologies through capital investment. It also shows that institutional improvement promotes the social division of labour, which is an independent source of economic growth.
منابع مشابه
Trade Liberalization and International Competitiveness in Iran: An Application of Computable General Equilibrium (CGE) Model
Trade liberalization is often the core attention of foreign economic strategies in developing countries. Findings in the literature confirm a significant effect of free trade on developing economies through which the economic sectors benefit from technology transfer and spillovers and increasing production capacities and input productivity leading to international competitiveness. On the other...
متن کاملModeling the foreign exchange market pressure in the monetary policy of the Iranian economy with a Dynamic Stochastic General Equilibrium approach
Exchange rate fluctuations and the degree of central bank intervention in the foreign exchange market through foreign reserves simultaneously determine the foreign exchange market pressure. This concept is considered as one of the important indicators related to the behavior of monetary authorities in policy-making, which affects other economic variables through foreign trade channels and infla...
متن کاملInvestigating the Economic Effects of Taxes on Pollutants in Iran Using a Computable General Equilibrium Model
This study investigates the economic effects of taxes on pollutants in Iran in 2011. For this purpose, computable general equilibrium model with 2011 social accounting matrix is applied. Six scenarios taxes on pollutants have defined and estimatethe effects on economic variables and production quantity of activities. The results show that the taxes on pollutants is conducive to environmental im...
متن کاملThe effects of trade sanctions on Iran;s economic Using the Computable General Equilibrium: Focusing on Production and prices
The main objective of this study is to assess the economic impacts of sanctions against Iran. This analysis was performed using the computable general equilibrium (CGE) model with a focus on exports, imports, production, and price levels. After calibrating the CGE model and measuring the values of exogenous parameters and variables, the study assessed the economic impacts of sanctions on Iran’s...
متن کاملEffect of rainfall changes on economic variables using a general equilibrium model
The country's economy is dependent on many variables that play a role in growth and development of the country. There are many variables in the economy that effect on country's economy. On the other hand rainfall is one of important factor of climate change that affected on economic strategic programs such as agriculture sector programs. Rainfall Changes effect on many economic variables that i...
متن کامل