This paper evaluates the impact of China’s WTO accession on patterns of world trade and economic growth by a recursive dynamic, 17-region, 25-sector computable general equilibrium (CGE) model with import embodied technology transfer based on actual market access commitments that China and Taiwan have made to date. The simulation results show that the major gains from WTO accession would accrue ...

When considering adoption of a domestic climate change policy, politicians and the public frequently refer to concerns about competitiveness. Competitiveness in this context does not have a precise economic definition. In this article, we discuss possible ways to anchor the concept of competitiveness in economic analysis. This framework then serves as the basis of a systematic survey the litera...

This chapter reviews recent applications of computable general equilibrium (CGE) modeling in the analysis and evaluation of policies which affect interactions among multiple markets. At the core of this research is a particular approach to the data and structural representations of the economy, which we elaborate through the device of a canonical static multiregional model. We adapt and extend ...

Computable general equilibrium (CGE) modeling has provided a number of important insights about the interplay between environmental tax policy and the pre-existing tax system. In this paper, we emphasize that a labor market policy of recycling tax revenues from an environmental tax to lower employers’ non-wage labor cost depends on how the costs of labor are modeled. We propose an approach, whi...

This study analyses the impacts of the Goods and Services Tax (GST) introduced on 1 July 2000, and the associated wine tax reform, on both the premium and nonpremium segments of the grape and wine industry using a computable general equilibrium (CGE) model of the Australian economy. Through input cost reductions, the grape and wine industry is projected to gain from the GST tax package. Thus th...

The Clean Development Mechanism (CDM) established under the Kyoto Protocol allows industrialized Annex I countries to offset part of their domestic emissions by investing in emissions-reduction projects in developing non-Annex I countries. We present a novel CDM modeling framework which can be used in computable-general-equilibrium (CGE) models to quantify the sector-specific and macroeconomic ...

This paper reviews an analysis of land use change impacts of expanded biofuel production with GTAP-BIO computable general equilibrium (CGE) model. It describes the treatment of energy substitution, the role of biofuel by-products, specification of bilateral trade, the determination of land cover changes in response to increased biofuel feedstock production, and changes in crop yields – both at ...

The rate and magnitude of technological change is a critical component in estimating future anthropogenic carbon emissions. We present a methodology for modeling low-carbon emitting technologies within the MIT Emissions Prediction and Policy Analysis (EPPA) model, a computable general equilibrium (CGE) model of the world economy. The methodology translates bottom-up engineering information for ...

Mircrosimulation (MS) and Computable General Equilibrium models (CGE) have both been widely used in policy analysis. Their combination allows the utilisation of the advantages of both types. The aim of this paper is to describe the state-of-the-art in simulation analysis and to illustrate the benefits and problems of linking micro and macro models by analysing flat tax reform proposals for Germ...