We decompose the economic implications of the Kyoto Protocol at the cross-country level, splitting the total economic impact for each region into contributions from its own emission abatement policy and those from other regions. Our analysis which is based on a large-scale computable general equilibrium model for the world economy indicates that spillover effects are an important consequence of...

Aim/purpose – This study sought to assess the impact of an increased historical fixed VAT rate 14% current 15% on South African economy. Design/methodology/approach The method applied in this was based a Dynamic Computable General Equilibrium (CGE) model evaluate both and new CGE has been proven over years be suitable when evaluating assessment any shock within Enhancements were made by researc...

plentifulness of oil resources on the one hand, and serious economic challenges in the course of development of the country, on the other hand, makes the optimum use of these resources a considerable issue in achieving the goals of sustainable development. iran’s experience in establishing exchange reserve account (era) during 2000-2005 indicates that its main function is saving the surplus rev...

The title structure, 3C(2)H(7)N(4)O(+)·HFPO(3) (-)·FPO(3) (2-)·H(2)O, contains three independent 2-carbamoylguanidinium cations, one fluoro-phospho-nate, one hydrogen fluoro-phospho-nate and one water mol-ecule. There are three different layers in the structure that are nearly perpendicular to the c axis. Each layer contains a cation and the layers differ by the respective presence of the water...

CGE models are utilized for the evaluation of trade policy reforms, yet they are typically highly aggregated, limiting their usefulness to trade negotiators interested in impacts at the tariff line. Partial Equilibrium (PE) models used for disaggregate analysis lack the benefits of an economy-wide analysis required to examine the overall impact of trade policy reforms. This suggests the need fo...

A transportation network-multiregional CGE model is applied to estimate the network effects of a set of highway projects on the value-added by region and industrial sector for the construction and operation periods. Among nine highways in an east–west direction in Korea, the East–West 9 highway increases the GDP by 0.300% over the 30-period time horizon with 0.016% of the GDP as the network eff...

Since the mid 1980s, applied general equilibrium (AGE) models have been used to analyze the effects of regional economic policies. Unfortunately, most regional AGE models use assumptions that are too restrictive to yield reliable results. This paper presents an AGE model for regional policy analysis that has four major improvements compared to existing regional AGE models. First, the model is d...

In this paper the authors develop an innovative 21 sector computable general equilibrium model of Armenia to assess the impact on Armenia of a Deep and Comprehensive Free Trade Agreement (DCFTA) with the EU, as well as further regional or multilateral trade policy commitments. The authors find that a DCFTA with the EU will likely result in substantial gains to Armenia, but they show that the ga...

Since the 1980s, the U.S. income distribution has become considerably more concentrated toward the top while the wealth distribution has not. I argue that this can be accounted for by occupational shifts caused by the decline in tax progressivity. To show this, I construct a dynamic general equilibrium model of occupational choice which distinguishes between entrepreneurs, who run their own fir...