Applied General Equilibrium: An Introduction: Review of book by Manuel Alejandro Cardente, Ana-Isabel Guerra and Ferran Sancho

Research output: Contribution to journalBook/Film/Article review

Abstract

Multi-sectoral applied or computable general equilibrium (AGE or CGE) models are increasingly recognised as an important tool to provide insight on a wide variety of economics-based problems and to inform a variety of policy issues. However. two basic problems are encountered in bringing new analysis to the field. First, particularly given the availability of 'off-the-shelf' software packages, there is a worrying tendency (and temptation) to us CGE modes in a 'black box' fashion, without understanding the underlying economic interactions driving results. Second, the existing general equilibrium modelling literature largely consists of very advance and/or specialised research papers that are not easily accessible to non-experts.
Original languageEnglish
Pages (from-to)433-435
Number of pages3
JournalEconomic Systems Research
Volume24
Issue number4
DOIs
Publication statusPublished - 1 Dec 2012

Keywords

  • applied general equilibrium
  • computable general equilibrium
  • AGE models
  • CGE models

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