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(More customer reviews)This is the best CGE book on the market. The book explains CGE modeling in a clear, A-Z approach. The author also does an excellent job connecting economic theory to empirical applications of GAMS. I will use this book as my seminal CGE reference and will also use this book for my graduate CGE course. Kudos to the authors for writing such a clear, rigorous, and useful textbook. I wish all textbooks in economics were this useful!!
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Computable General Equilibrium (CGE) models have been widely used for various economic simulations, such as, trade liberalization, environmental problems, and regulatory and tax reforms. CGE models are powerful but tend to be large-scale and, therefore, often difficult to learn. This book provides a comprehensive A-to-Z guide for CGE models. Focusing on its practical application, readers can learn from the simplest CGE models, and proceed, in a step-by-step manner, to database construction, programming for computation, and developing more elaborated CGE models, which can be applied empirically to actual simulation purposes. Particular emphasis is placed on computer programs of CGE models. Readers can obtain knowledge and skills from which they can develop and operate their own CGE models, and apply them to their research. This book is essential reading for all interested in computational economics, advanced macroeconomics, international trade, regional development, development economics.
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