Applied General Equilibrium Modelling

Don, Henk (Editor) / van de Klundert, Theo C.M.J. (Editor) / van Sinderen, Jarig (Editor)

ISBN 10: 9401579105 / ISBN 13: 9789401579100

Published by Springer, 2013

About this Item

200 pages. 9.25x6.10x0.46 inches. In Stock.

Seller Inventory # x-9401579105

Bibliographic Details

• Title: Applied General Equilibrium Modelling
• Publisher: Springer
• Publication Date: 2013
• Language: English
• ISBN 10: 9401579105
• ISBN 13: 9789401579100
• Binding: Paperback
• Condition: Brand New
• Weight: 0.31 kilograms

About this title

Synopsis

Over the last decade or so, applied general equilibrium models have rapidly become a major tool for policy advice on issues regarding allocation and efficiency, most notably taxes and tariffs. This reflects the power of the general equilibrium approach to allocative questions and the capability of today's applied models to come up with realistic answers. However, it by no means implies that the theoretical, practical and empirical problems faced by researchers in applied modelling have all been solved in a satisfactory way. Rather, a promising field of research has been opened up, inviting theorists and practitioners to further explore and exploit its potential. The state of the art in applied general equilibrium modelling is reflected in this volume. The introductory Chapter (Part I) evaluates the use of economic modelling to address policy questions, and discusses the advantages and disadvantages of applied general equilibrium models. Three substantive issues are dealt with in Chapters 2-8: Tax Reform and Capital (Part II), Intertemporal Aspects and Expectations (Part III), and Taxes and the Labour Market (Part IV). While all parts contain results relevant for economic policy, it is clear that theory and applications for these areas are in different stages of development. We hope that this book will bring inspiration, insight and information to researchers, students and policy advisors.