{"title":"Advances In Applied General Equilibrium Modeling","description":"\u003cp\u003eExplore the cutting-edge research in applied general equilibrium modeling. Dive into this series for a deep dive into economic analysis and policy implications. Essential reading for economists and researchers.\u003c\/p\u003e","products":[{"product_id":"trade-theory-in-computable-general-equilibrium-models-book-peter-b-dixon-9789811083235","title":"Trade Theory in Computable General Equilibrium Models","description":"This book is for people who want to understand modern trade theory, particularly the Melitz model. It lays out Melitz theory from first principles and relates it to earlier theories of Armington and Krugman. For trade theory specialists, the book produces some significant conclusions. It identifies conditions under which Krugman and Melitz models produce essentially the same results for the welfare effects of trade liberalization as those obtained from Armington, and conditions under which this is not true. These findings will be of interest to academics and policy advisors who need to understand critiques of Armington by proponents of Krugman and Melitz. For computable general equilibrium (CGE) modelers, the book shows how Melitz-style CGE models can be calibrated, solved and interpreted. A major practical contribution of the book is to show how large-scale Armington models such as GTAP can be converted to Melitz by the addition of a small number of equations and minimal alteration of the original Armington model. The book describes computational experience in solving Melitz CGE models using GEMPACK software. This experience will be of interest to researchers currently attempting to solve Melitz-based CGE models. Almost all previous Melitz studies have used GAMS software.  Authors of these studies have reported computational difficulties. These difficulties did not occur in this book’s GEMPACK-based computations.  The book concludes that: (a) CGE modelers can embrace Melitz while retaining their Armington-based models as powerful interpretive devices; and (b) via GEMPACK, large-scale CGE models incorporating Melitz specifications can be solved with no more difficulty than similar-dimensioned Armington models.","brand":"WoB","offers":[{"title":"GB \/ NEW \/ GARDNERS","offer_id":49737693364497,"sku":"NGR9789811083235","price":0.0,"currency_code":"GBP","in_stock":true},{"title":"US \/ NEW \/ INGRAM","offer_id":51066869678353,"sku":"NIN9789811083235","price":0.0,"currency_code":"GBP","in_stock":false},{"title":"GB \/ NEW \/ INGRAM","offer_id":52136913207569,"sku":"NLS9789811083235","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/9811083231.jpg?v=1751425691"},{"product_id":"chinagema-dynamic-general-equilibrium-model-of-china-theory-data-and-application-book-xiujian-peng-9789819918522","title":"CHINAGEM—A Dynamic General Equilibrium Model of China: Theory, Data and Applications","description":"This book contains detailed documentation of the CHINAGEM model - a large-scale dynamic computable general equilibrium (CGE) model of China and its applications. Specifically, this book documents the theory and database behind the CHINAGEM model. This book explores the closure development for the four simulation modes of the model including historical, decomposition, forecast and policy simulations, the detailed explanation of how to analyze simulation results, and the extensions of CHINAGEM and their applications. These extensions include several innovative modules and case studies as examples of the application of CHINAGEM.  This book provides an entry point for CGE modellers to develop their analytical skills. This book can also be used as a platform for research institutes to develop CGE models suitable for their research portfolio. The module developments included in this book are designed to capture the specific features of the Chinese economy. The applications of these modules chosen in the book cover hot policy issues in China, and the simulation results have valuable policy implications. This book identifies that the CHINAGEM model itself and all the extensions can be used for analysing many new topics and policy issues such as the effects of the USA–China trade war, the effects of Made in China 2025 Plan as well as China’s commitment to the carbon neutrality before 2060 and its economic implications.","brand":"WoB","offers":[{"title":"- \/ - \/ INTERNAL","offer_id":52418463957265,"sku":null,"price":0.0,"currency_code":"GBP","in_stock":true},{"title":"GB \/ NEW \/ GARDNERS","offer_id":52418464612625,"sku":"NGR9789819918522","price":0.0,"currency_code":"GBP","in_stock":false}]},{"product_id":"multi-regional-dynamic-general-equilibrium-modeling-of-the-u-s-economy-book-glyn-wittwer-9783319864952","title":"Multi-regional Dynamic General Equilibrium Modeling of the U.S. Economy","description":"This book details the preparation of USAGE-TERM, a computable general equilibrium model that provides regional economic detail in the USA. 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Almost all previous Melitz studies have used GAMS software.  Authors of these studies have reported computational difficulties. 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