Computable General Equilibrium (CGE)
Computable General Equilibrium (CGE)
technology application

Computable General Equilibrium (CGE)

2
domains
1
stories
5
SDGs
updatedMar 17, 2021
image

Kitti Kornkasame @ 123rf.com

An economic model that combines existing economic data with economic theory in order to computationally estimate the possible impacts of policies, technologies, or other factors that can knock the economy.
An economic model that combines existing economic data with economic theory in order to computationally estimate the possible impacts of policies, technologies, or other factors that can knock the economy.

CGE models aim to transform detailed economic data and behavioral responses of agents (households, firms, government) into a set of equations that capture the economy's structure. Its complex model allows capturing and simulating direct and indirect inter-sectoral, inter-regional, and inter-temporal effects caused by policy changes.

A CGE model database consists of tables of transaction values and elasticities. The first is represented in an input-output table or a Social Accounting Matrix (SAM) that distinguishes several sectors, commodities, primary factors, and household types, for instance. The second are flexible parameters that capture behavioral responses, including import and export demand changes.

Read More

UNESCAP - United Nations Economic and Social Commission for Asia and the Pacific

2017-01-27

UNESCAP - United Nations Economic and Social Commission for Asia and the Pacific

2017-01-27

Related Content

1 stories
1 organizations
2 technology domains
2 industries
  • Government & Citizenship
  • Finance
6 topics
  • Economic Policy
  • Digital Governance and Society
  • Regional and Sectoral Economic Development
  • Social Protection Systems
  • Public Finance
  • Public Administration
5 SDGs
  • 01 No Poverty
  • 08 Decent Work and Economic Growth
  • 09 Industry, innovation and infrastructure
  • 10 Reduce inequalities
  • 16 Peace, Justice, and Strong Institutions