Computable General Equilibrium Modeling for Regional Analysis
by Eliecer E. Vargas, et al.
Publisher: Regional Research Institute, WVU 1999
Number of pages: 54
Description:
The CGE framework offers an alternative for regional analysis. It encompasses both the I-O and SAM frameworks by making demand and supply of commodities and factors dependent on prices. A CGE model simulates the working of a market economy in which prices and quantities adjust to clear all markets.
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