This paper advocates computable general equilibrium (CGE) models as an analytical framework that is suitable for assessing the impacts of policy interference on the three dimensions of Sustainable Development, i.e. environmental quality, economic performance and equity. Methodological extensions of standard CGE models are illustrated that may strengthen the role of CGE models in measuring polic...

In the past years biofuels have received increased attention since they were believed to contribute to rural development, energy security and to fight global warming. It became also clear, though, that bioenergy cannot be evaluated independently of the rest of the economy and that national and international feedback effects are important. Computable general equilibrium (CGE) models have been wi...

We study a class of static games with a continuum of players and complementarites. Using monotone operators on the space of distributions, we prove existence of the greatest and least distributional Nash equilibrium under different set of assumptions than one stemming from Mas-Colell (1984) original work, via constructive methods. In addition, we provide computable monotone comparative statics ...

This paper provides a quantitative assessment of the likely economy-wide impacts of agricultural productivity improvements in Sri Lanka. A static multi sector Computable General Equilibrium (CGE) model of the Sri Lankan economy using the input-output table for year 2000 is employed highlighting the agricultural sector and its interactions with other production sectors in the economy. The result...

The traditional cost-benefit analysis (CBA) for transport appraisal has two key weaknesses. Firstly, by assuming static prices in markets external to transport, externalities cannot be considered other than in an ad-hoc, case-by-case manner. This approach is only valid under restrictive assumptions regarding perfect competition and the reflection of marginal costs in prices, which may not be ap...

This paper proposes a procedure to incorporate the conjectural variation approach in Computable General Equilibrium (CGE) analysis such that the strategic interaction among rival firms in international markets can be modelled. It shows how to calibrate the conjectured reactions of rival domestic and foreign firms. It also shows that the approach suggested by Harrison, Rutherford and Tarr (hence...

 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...