Iterative model for CGE modelling using Nobuhiro et al. systems of equations
Iterative model for CGE modelling using Nobuhiro et al. systems of equations
Loading saved threads...
SuperMage1 · External communityPost link
External question — Economics Stack Exchange
Author: SuperMage1
Original post: https://economics.stackexchange.com/questions/60288
License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/
Adaptation: HTML converted to plain text; contact email addresses removed.
I have recently studied this research paper regarding an iterative method for the CGE model
https://www.pc.gov.au/research/supporting/cge-iterative-method/cge-iterative-method.pdf
The main reference I have from the book is the book of Nobuhiro et al. titled Textbook of Computable General Equilibrium and I am not sure about my undefined variables. Choosing the foreign exchange rate as my numeraire, the undefined variables that I got is about
$p^f_h, p^y_j, p^q_i, p^d_i$
which is the price of the h-th factor, price of the j-th composite factor, price of the i-th composite good, price of the i-th domestic good respectively. The relations that I have found are (excluding the bop) are equations 6.23, 6.24, 6.20, and 6.22. These are not necessarily market clearing conditions, so I am not sure about that.
Details about the model system is shown in the images below.
Quote
Report
Post Reply
Checking account access…