Download or read book Reference manual for the implementation of economic models using GEMPACK software written by and published by . This book was released on 1986 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Integrated Macro Micro Modelling Under Rational Expectations written by Michael Malakellis and published by Springer Science & Business Media. This book was released on 2000-02-17 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a comprehensive account of the theoretical structures, database, computation and application of ORANI-INT. ORANI-INT is a multi-period elaboration of ORANI, a well-known computable general equilibrium model of the Australian economy. The implications of assuming that expectations are model consistent are contrasted with those of the alternative assumption that expectations are static. A generic algorithm for solving a wide range of economic models is described in detail. The algorithm is portable because it is implemented in GEMPACK, a commercially available software package. The major application reported in the book addresses the issue whether tariff reform policies should be announced ahead of their implementation. Many of the multisectoral models used throughout the world are static. The methodology presented in the book demonstrates that such models can be easily embedded into an intertemporal framework.
Download or read book Update of implementing economic models using TABLO GED 20 written by George Codsi and published by . This book was released on 1988 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Modeling Dynamic Economic Systems written by Matthias Ruth and published by Springer Science & Business Media. This book was released on 2012-02-08 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the dynamic processes in economic systems, concentrating on the extraction and use of the natural resources required to meet economic needs. Sections cover methods for dynamic modeling in economics, microeconomic models of firms, modeling optimal use of both nonrenewable and renewable resources, and chaos in economic models. This book does not require a substantial background in mathematics or computer science.
Download or read book Multisector Growth Models written by Terry L. Roe and published by Springer Science & Business Media. This book was released on 2009-10-03 with total page 333 pages. Available in PDF, EPUB and Kindle. Book excerpt: The primary objective of this book is to advance the state of the art in specifying and ?tting to data structural multi-sector dynamic macroeconomic models, and empirically implementing them. The fundamental construct upon which we build is the Ramsey model. A most attractive feature of this model is the insights it provides into the dynamics of an economy in tr- sition to long-run equilibrium. With some exceptions, Ramsey models are highly aggregated – typically single sector models. However, interest often lies in understanding the forces of e- nomic growth across multiple sectors of an economy and on how policy impacts likely play out over time. Such analyses call for moredisaggregatedmodelsthatcanbe?ttocountryorregional data.Thisbookshowshowto:(i)extendthebasicmodeltom- tiple sectors, (ii) how to adapt the basic model to account for policy instruments, and (iii) ?t the model to data, and obtain equilibrium values both forward and backward in time from the data points to which the model is initially ?t.
Download or read book ORANI G written by Mark Horridge and published by . This book was released on 2000 with total page 69 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Economics with Heterogeneous Interacting Agents written by Alessandro Caiani and published by Springer. This book was released on 2016-09-21 with total page 219 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers a practical guide to Agent Based economic modeling, adopting a “learning by doing” approach to help the reader master the fundamental tools needed to create and analyze Agent Based models. After providing them with a basic “toolkit” for Agent Based modeling, it present and discusses didactic models of real financial and economic systems in detail. While stressing the main features and advantages of the bottom-up perspective inherent to this approach, the book also highlights the logic and practical steps that characterize the model building procedure. A detailed description of the underlying codes, developed using R and C, is also provided. In addition, each didactic model is accompanied by exercises and applications designed to promote active learning on the part of the reader. Following the same approach, the book also presents several complementary tools required for the analysis and validation of the models, such as sensitivity experiments, calibration exercises, economic network and statistical distributions analysis. By the end of the book, the reader will have gained a deeper understanding of the Agent Based methodology and be prepared to use the fundamental techniques required to start developing their own economic models. Accordingly, “Economics with Heterogeneous Interacting Agents” will be of particular interest to graduate and postgraduate students, as well as to academic institutions and lecturers interested in including an overview of the AB approach to economic modeling in their courses.
Download or read book The Craft of Economic Modeling written by Clopper Almon and published by . This book was released on 2017-07 with total page 458 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a practical guide to building economic models both macroeconomic and multisectoral. It uses free software available from the Internet together with regularly updated databanks including the quarterly national accounts of the United States and other quarterly data. It assumes no prior acquaintance with econometrics or computer programming, but does assume a willingness to follow a mathematical argument. Much of the text has often been used in college teaching. The book begins with a very simple model that can be computed with a hand calculator or cell phone. The model has, however, a nonlinearity in the investment function and shows how a nonlinearity can lead to a model with a cycle which neither damps out nor explodes. It then moves to models built with real data in the framework of the U.S. National Income and Product Accounts and develops the important concept of identity-centered modeling. Once the identities are are working properly, the modeler can proceed to the estimation of equations by least-squares regressions. Gradually the reader is led to the construction of a model roughly comparable to those used by commercial economic forecasting firms. At every step of the way, the reader sees results of calculations with real data and is urged to estimate his or her own equations with real, up-to-date data. The second section explores making alternative forecasts with this model and devising optimal economic policies with its aid. It also explores the range of uncertainty of the forecasts due to known variability of the errors in its equations. A rather long chapter expounds some conventional econometric methods and applies them to real data to both illustrate them and evaluate their usefulness. Although most of the book uses equations which are linear in the parameters which must be estimated, some functions very useful for certain purposes in economics are non-linear in the parameters. A chapter is devoted to their estimation. Most of the book uses the relatively simple U.S. system of national accounts, but one chapter deals with modeling with the more complicated System of National Accounts used by most other countries. Like the economy itself, dynamic models such as those built here have a tendency to develop cycles. One chapter looks into the mathematical theory of why that is so. The third section enlarges the scope of the book to include multisectoral models. Although here the model actually built is a tiny one of 8-sectors with made-up data, the methods employed are exactly those of the Inforum models used in a number of countries around the world. Multi-sectoral models can use many of the same techniques used for macromodels, but there are some additional problems. One of these is the estimation of personal consumption functions where the demand for any one product depends not only on its price but those of all other products. One method which has worked better than others is explained and the results of its estimation in four countries are presented and compared. Another problem is the computation of product-to-product tables from those constructed by statistical agencies. The book does not explain Real Business Cycle models, nor Computable General Equilibrium models, nor Dynamic Stochastic General Equilibrium models, which are all, in the author's opinion, unrealistic fads, not serious ways of modeling an economy..
Download or read book Handbook of Computable General Equilibrium Modeling written by Peter B. Dixon and published by North-Holland. This book was released on 2012-11-14 with total page 888 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this collection of 17 articles, top scholars synthesize and analyze scholarship on this widely used tool of policy analysis, setting forth its accomplishments, difficulties, and means of implementation. Though CGE modeling does not play a prominent role in top US graduate schools, it is employed universally in the development of economic policy. This collection is particularly important because it presents a history of modeling applications and examines competing points of view. Presents coherent summaries of CGE theories that inform major model types Covers the construction of CGE databases, model solving, and computer-assisted interpretation of results Shows how CGE modeling has made a contribution to economic policy
Download or read book Implementing economic models using TABLO written by and published by . This book was released on 1987 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Modelling Economic Systems written by Alan Gully and published by Chapman & Hall. This book was released on 1996 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book will enable students to use a computer as a tool to analyse, model and solve economic and business problems. The book will: develop an understanding of the methods and problems involved in the design and construction of computer-based models of economic systems; explain the features and use of a spreadsheet package (focusing on Quattro-Pro for Windows); and critically examine the design, construction and use of spreadsheet-based models in several areas of economics and business. The book integrates material by concentrating on practical issues of model-building and problem-solving, and illustrates the use of spreadsheet software throughout. Case studies and examples can be worked through on-screen once the underlying theory has been assimilated.
Download or read book Using a CGE Model to Analyse External Shocks in the Reformed Chinese Economy written by Zhaoyang Peng and published by . This book was released on 1992 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Macroeconomic Modelling written by S.G. Hall and published by North Holland. This book was released on 1988-06 with total page 440 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book arose out of research carried out by the authors in the period 1983-1987 whilst at the National Institute of Economic and Social Research. A number of things combined to impart the basic thrust of the research: partly the developments in formulating and estimating rational expectations models, and partly actual developments in the UK economy itself.An application of recent developments in dynamic modelling to a complete macroeconometric model of the UK is presented. Rational expectations modelling, co-integration and disequilibrium modelling are covered. The book also develops computational procedures for obtaining efficient solutions to large-scale models, and illustrates model solutions assuming rational expectations and stochastic simulations. Finally, sections on the analysis of models using optimal control methods illustrate applications of a large-scale econometric model. This section also discusses policy applications, including the derivation of time-consistent policies in the presence of rational expectations, giving quantified illustrations.
Download or read book User s Manual for the Livermore Economic Modeling System written by J. T. Rambo and published by . This book was released on 1978 with total page 91 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Economic Analysis Model Program User s Manual Burroughs Version written by Susan Becker and published by . This book was released on 1983 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Introduction to Computable General Equilibrium Models written by Mary E. Burfisher and published by Cambridge University Press. This book was released on 2016 with total page 443 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book provides a hands-on introduction to computable general equilibrium (CGE) models, written at an accessible, undergraduate level.
Download or read book A Standard Computable General Equilibrium CGE Model in GAMS written by Hans Lofgren and published by Intl Food Policy Res Inst. This book was released on 2002-01-01 with total page 79 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this manual is to contribute to and facilitate the use of computable general equilibrium (CGE) models in the analysis of issues related to food policy in developing countries. The volume includes a detailed presentation of a static “standard” CGE model and its required database and incorporates features of particular importance in developing countries. The manual discusses the implementation of the model in GAMS and is accompanied by a CD-ROM that includes the GAMS software (free demo system), the GAMS input files for the model, sample databases, simulations, solution reports, and a social accounting matrix (SAM) aggregation program. Although the volume provides a standardized framework for analysis, the analyst is not forced to make “one-size-fits-all” assumptions. The GAMS code is written to give the analyst considerable flexibility in model specification.
