Sensitivity of computable general equilibrium models to macroeconomic closure rules: Evidence from the IFPRI standard mode
In this paper, we study the sensitivity of computable general equilibrium (CGE) models to the choice of macroeconomic closure rule using the case of the standard IFPRI model for Nigeria and Tanzania. Two sets of simulations are performed: a 50 percent decrease in import taxes and a 10 percent increa...
| Main Authors: | , |
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| Format: | Artículo preliminar |
| Language: | Inglés Francés |
| Published: |
International Food Policy Research Institute
2017
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| Subjects: | |
| Online Access: | https://hdl.handle.net/10568/148264 |
| _version_ | 1855533305166823424 |
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| author | Laborde Debucquet, David Traoré, Fousseini |
| author_browse | Laborde Debucquet, David Traoré, Fousseini |
| author_facet | Laborde Debucquet, David Traoré, Fousseini |
| author_sort | Laborde Debucquet, David |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | In this paper, we study the sensitivity of computable general equilibrium (CGE) models to the choice of macroeconomic closure rule using the case of the standard IFPRI model for Nigeria and Tanzania. Two sets of simulations are performed: a 50 percent decrease in import taxes and a 10 percent increase in agricultural productivity. For each simulated scenario, we study around 10 closure rules related to the government, the rest of the world, the investment-savings equilibrium, and the factors market. We find that the model’s solutions are sensitive to the choice of the macroeconomic closure rule. |
| format | Artículo preliminar |
| id | CGSpace148264 |
| institution | CGIAR Consortium |
| language | Inglés Francés |
| publishDate | 2017 |
| publishDateRange | 2017 |
| publishDateSort | 2017 |
| publisher | International Food Policy Research Institute |
| publisherStr | International Food Policy Research Institute |
| record_format | dspace |
| spelling | CGSpace1482642025-11-06T07:03:18Z Sensitivity of computable general equilibrium models to macroeconomic closure rules: Evidence from the IFPRI standard mode Sensibilité des modèles d’équilibre général au mode de bouclage macroéconomique: illustration à l’aide du modèle standard de l’IFPRI Laborde Debucquet, David Traoré, Fousseini mathematical models macroeconomics computable general equilibrium models In this paper, we study the sensitivity of computable general equilibrium (CGE) models to the choice of macroeconomic closure rule using the case of the standard IFPRI model for Nigeria and Tanzania. Two sets of simulations are performed: a 50 percent decrease in import taxes and a 10 percent increase in agricultural productivity. For each simulated scenario, we study around 10 closure rules related to the government, the rest of the world, the investment-savings equilibrium, and the factors market. We find that the model’s solutions are sensitive to the choice of the macroeconomic closure rule. 2017 2024-06-21T09:24:12Z 2024-06-21T09:24:12Z Working Paper https://hdl.handle.net/10568/148264 en fr application/pdf application/pdf International Food Policy Research Institute Laborde Debucquet, David; and Traoré, Fousseini. 2017. Sensitivity of Computable General Equilibrium Models to Macroeconomic Closure Rules: Evidence from the IFPRI Standard Model. AGRODEP Technical Note 15. Washington, DC: International Food Policy Research Institute. https://hdl.handle.net/10568/148264 |
| spellingShingle | mathematical models macroeconomics computable general equilibrium models Laborde Debucquet, David Traoré, Fousseini Sensitivity of computable general equilibrium models to macroeconomic closure rules: Evidence from the IFPRI standard mode |
| title | Sensitivity of computable general equilibrium models to macroeconomic closure rules: Evidence from the IFPRI standard mode |
| title_full | Sensitivity of computable general equilibrium models to macroeconomic closure rules: Evidence from the IFPRI standard mode |
| title_fullStr | Sensitivity of computable general equilibrium models to macroeconomic closure rules: Evidence from the IFPRI standard mode |
| title_full_unstemmed | Sensitivity of computable general equilibrium models to macroeconomic closure rules: Evidence from the IFPRI standard mode |
| title_short | Sensitivity of computable general equilibrium models to macroeconomic closure rules: Evidence from the IFPRI standard mode |
| title_sort | sensitivity of computable general equilibrium models to macroeconomic closure rules evidence from the ifpri standard mode |
| topic | mathematical models macroeconomics computable general equilibrium models |
| url | https://hdl.handle.net/10568/148264 |
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