Skip to content
Open global navigation

Cambridge University Press

AcademicLocation selectorSearch toggleMain navigation toggle
Cart
Register Sign in Wishlist

Introduction to Computable General Equilibrium Models

$49.00

textbook
  • Date Published: February 2011
  • availability: Available
  • format: Paperback
  • isbn: 9780521139779

$49.00
Paperback

Add to cart Add to wishlist

Other available formats:
Hardback, eBook


Looking for an examination copy?

If you are interested in the title for your course we can consider offering an examination copy. To register your interest please contact collegesales@cambridge.org providing details of the course you are teaching.

Description
Product filter button
Description
Contents
Resources
Courses
About the Authors
  • Computable general equilibrium (CGE) models are widely used by governmental organizations and academic institutions to analyze the economy-wide effects of events such as climate change, tax policies, and immigration. This book provides a practical, how-to guide to CGE models suitable for use at the undergraduate college level. Its introductory level distinguishes it from other available books and articles on CGE models. The book provides intuitive and graphical explanations of the economic theory that underlies a CGE model and includes many examples and hands-on modeling exercises. It may be used in courses on economics principles, microeconomics, macroeconomics, public finance, environmental economics, and international trade and finance, because it shows students the role of theory in a realistic model of an economy. The book is also suitable for courses on general equilibrium models and research methods, and for professionals interested in learning how to use CGE models.

    • Utilizes free CGE models and databases on the web, used by professionals to provide students with hands-on instruction on how to build and run a CGE model
    • Presents principles of economics using graphs and intuitive discussion, at a level accessible to undergraduate economics students
    • Provides case studies of immigration, agricultural subsidies, consumer aversion, global trade negotiations and the US tax code as hands-on modeling exercises
    Read more

    Reviews & endorsements

    “Climate change, agricultural subsidies, high food prices, global and regional trade agreements, killer diseases, misaligned exchange rates – the major policy debates of our time – are increasingly analyzed using computable general equilibrium (CGE) models. Mary Burfisher’s book opens up the ‘black box’ of these models and provides a lucid introduction to their economic underpinnings, their data and modeling assumptions, and their application to public policy. This book will lead to better informed producers and consumers of CGE models and, we hope, better policy decisions.” – Shantayanan Devarajan, Chief Economist, World Bank

    “CGE models are a key tool for illuminating how policy can help both developed and developing countries address many challenges of our time, including environmental change, labor migration, and poverty reduction. This well-written volume is a most welcome addition to the literature, as it is hands-on and designed for teaching CGE modeling in advanced undergraduate economics classes and other settings.” – Hans Lofgren, Senior Economist, World Bank

    “CGE models are now widely deployed by academic researchers, national governments, and international organizations to address an increasing variety of problems, from trade liberalization to climate change and even natural disasters. There have been many ‘introductions’ to this style of modeling over the years, but none of these has supplied the accessibility, intuition, and coherence of Mary Burfisher’s new book. A generation of students and professional learners will be in her debt.” – Kenneth A. Reinert, George Mason University

    “This book is based on extensive teaching experience and is an excellent introduction to the theory and practice of computable general equilibrium (CGE) models. It links the models to policy issues, describing the relevant theory and examples of CGE analysis of particular issues, and it also provides students with hands-on experience with models based on the GTAP modeling system.” – Sherman Robinson, Institute of Development Studies, University of Sussex, and International Food Policy Research Institute

    “CGE has emerged in recent years as an indispensable tool for applied analysis of a wide range of economic policy issues. Indeed an understanding of CGE models is now an important component of the applied economist’s toolkit. For this reason, this new book by Burfisher makes a welcome and valued contribution.” – Joseph Francois, Johannes Kepler Universität Linz

    See more reviews

    Customer reviews

    Not yet reviewed

    Be the first to review

    Review was not posted due to profanity

    ×

    , create a review

    (If you're not , sign out)

    Please enter the right captcha value
    Please enter a star rating.
    Your review must be a minimum of 12 words.

    How do you rate this item?

    ×

    Product details

    • Date Published: February 2011
    • format: Paperback
    • isbn: 9780521139779
    • length: 368 pages
    • dimensions: 254 x 178 x 19 mm
    • weight: 0.64kg
    • contains: 62 b/w illus. 97 tables
    • availability: Available
  • Table of Contents

    1. Introduction to computable general equilibrium models
    2. Elements of a computable general equilibrium model
    3. The CGE model database: a social accounting matrix
    4. Final demand in a CGE model
    5. Supply in a CGE model
    6. Factors of production in a CGE model
    7. Trade in a CGE model
    8. Taxes in a CGE model
    9. Conclusion: frontiers in CGE modeling
    Modeling exercises
    Appendix. Social accounting matrix for the United States, 2004 $US billions
    Practice and review answer key
    Model exercise answer key.

  • Author

    Mary E. Burfisher, United States Naval Academy, Maryland
    Mary E. Burfisher is Distinguished Visiting Lecturer at the United States Naval Academy, Annapolis, Maryland. She has also served as a senior economist for the Economic Research Service of the US Department of Agriculture in Washington, DC. Dr Burfisher is a consultant on computable general equilibrium models and agricultural policy for U.S. governmental agencies and international organizations. She is the author and editor of numerous monographs, books and articles on international agricultural and trade policies. Dr Burfisher has been a Fellow of the Global Trade Analysis Program (GTAP) at Purdue University from 2003 to 2010 and received the Quality of Communication Award from the American Agricultural Economics Association. She earned her Ph.D. in economics from the University of Maryland.

Sign In

Please sign in to access your account

Cancel

Not already registered? Create an account now. ×

You are now leaving the Cambridge University Press website, your eBook purchase and download will be completed by our partner www.ebooks.com. Please see the permission section of the www.ebooks.com catalogue page for details of the print & copy limits on our eBooks.

Continue ×

Continue ×

Find content that relates to you

© Cambridge University Press 2014

Back to top

Are you sure you want to delete your account?

This cannot be undone.

Cancel Delete

Thank you for your feedback which will help us improve our service.

If you requested a response, we will make sure to get back to you shortly.

×
Please fill in the required fields in your feedback submission.
×