A simple dynamic applied general equilibrium model of a small open economy: transitional dynamics and trade policy

A dynamic general equilibrium model of a small open economy is presented to investigate the transition properties of out-of-steady state growth paths in response to trade policy shocks. With the application of the so-called Armingtonian commodity system of static CGE models, we quantify the nature o...

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Autores principales: Diao, Xinshen, Yeldan, A. Erinc, Roe, Terry L.
Formato: Journal Article
Lenguaje:Inglés
Publicado: 1998
Materias:
Acceso en línea:https://hdl.handle.net/10568/171389
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author Diao, Xinshen
Yeldan, A. Erinc
Roe, Terry L.
author_browse Diao, Xinshen
Roe, Terry L.
Yeldan, A. Erinc
author_facet Diao, Xinshen
Yeldan, A. Erinc
Roe, Terry L.
author_sort Diao, Xinshen
collection Repository of Agricultural Research Outputs (CGSpace)
description A dynamic general equilibrium model of a small open economy is presented to investigate the transition properties of out-of-steady state growth paths in response to trade policy shocks. With the application of the so-called Armingtonian commodity system of static CGE models, we quantify the nature of the transition path and the convergence speed towards the respective steady state under alternative parametrization of the substitution elasticities and of trade policy instruments.
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spelling CGSpace1713892025-01-29T12:58:06Z A simple dynamic applied general equilibrium model of a small open economy: transitional dynamics and trade policy Diao, Xinshen Yeldan, A. Erinc Roe, Terry L. trade policies A dynamic general equilibrium model of a small open economy is presented to investigate the transition properties of out-of-steady state growth paths in response to trade policy shocks. With the application of the so-called Armingtonian commodity system of static CGE models, we quantify the nature of the transition path and the convergence speed towards the respective steady state under alternative parametrization of the substitution elasticities and of trade policy instruments. 1998 2025-01-29T12:58:06Z 2025-01-29T12:58:06Z Journal Article https://hdl.handle.net/10568/171389 en Open Access Diao, Xinshen; Yeldan, A. Erinc; Roe, Terry L. 1998. A simple dynamic applied general equilibrium model of a small open economy: transitional dynamics and trade policy. Journal of Economic Development 23(1): 77-101. https://jed.cau.ac.kr/archives/23-1/23-1-5.pdf
spellingShingle trade policies
Diao, Xinshen
Yeldan, A. Erinc
Roe, Terry L.
A simple dynamic applied general equilibrium model of a small open economy: transitional dynamics and trade policy
title A simple dynamic applied general equilibrium model of a small open economy: transitional dynamics and trade policy
title_full A simple dynamic applied general equilibrium model of a small open economy: transitional dynamics and trade policy
title_fullStr A simple dynamic applied general equilibrium model of a small open economy: transitional dynamics and trade policy
title_full_unstemmed A simple dynamic applied general equilibrium model of a small open economy: transitional dynamics and trade policy
title_short A simple dynamic applied general equilibrium model of a small open economy: transitional dynamics and trade policy
title_sort simple dynamic applied general equilibrium model of a small open economy transitional dynamics and trade policy
topic trade policies
url https://hdl.handle.net/10568/171389
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