Description
Book SynopsisThis volume provides a practical guide to building and using simulation models for international trade theory and policy. Through a sequence of carefully constructed and fully documented programs, the volume illustrates how numerical simulation can be used to analyze a wide array of problems. Modern computable general equilibrium (CGE) models for trade policy are challenging in their complexity, but can be thought of as constructions of much simpler building blocks. By developing the building blocks in a consistent manner, and gradually putting them together in more complex and interesting ways, the volume makes CGE accessible to anyone with a background in microeconomics/trade theory. The volume will be useful to graduate students and researchers in international trade looking for a detailed guide to building simulation models and to developing the skill set necessary to enter into the world of CGE modeling.
Table of ContentsIntroduction; Utility Maximization; Cost Minimization; Long-Run Production; Short-Run Production; Dual Approach; Transition; Higher Dimensions; Autarky; Small Country Trading Equilibrium; Large Country Trading Equilibrium; Armington Preferences; Intermediate Inputs; Joint Production; Non-Traded Goods; Tariffs and Other Distortions; Single Country Competitive CGE; Imperfect Competition; Multiple Households; Imperfect Factor Mobility; Two Country Trading Equilibrium; Higher Dimensions and Trade; Multi-Country Competitive CGE; Appendices.
