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Applied general equilibrium and economic development present achievements and future trends by

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Published by University of Michigan Press in Ann Arbor .
Written in English



  • Developing countries


  • Economic development -- Mathematical models -- Congresses.,
  • Economic development -- Case studies -- Congresses.,
  • Equilibrium (Economics) -- Congresses.,
  • Agriculture and state -- Developing countries -- Mathematical models -- Congresses.,
  • Economic stabilization -- Developing countries -- Mathematical models -- Congresses.,
  • Economies of scale -- Developing countries -- Mathematical models -- Congresses.

Book details:

Edition Notes

Statementedited by Jean Mercenier and T.N. Srinivasan ; with a foreword by Herbert E. Scarf.
ContributionsMercenier, Jean., Srinivasan, T. N., 1933-
LC ClassificationsHD73 .A67 1994
The Physical Object
Paginationxiii, 360 p. :
Number of Pages360
ID Numbers
Open LibraryOL1401744M
ISBN 100472103822
LC Control Number93009643

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  Applied general equilibrium goes one step further in modeling, since it entails the integration of microeconomic theory, data handling and computing. This integration is essential for successful empirical modeling, but also involves various abilities that are not found in standard books. This book fills the gap, providing advanced students with Manufacturer: Springer. This advanced textbook provides a straightforward but comprehensive introduction to applied general equilibrium modeling. General equilibrium is the backbone of modern economic analysis, which is why generation after generation of economics students have been introduced to it. As an analytical. General equilibrium is the backbone of modern economic analysis and as such generation after generation of economics students are introduced to it. As an analytical tool in economics, general equilibrium provides one of the most complete views of an economy since it incorporates all economic agents (households, firms, government, foreign sector. In mathematical economics, applied general equilibrium (AGE) models were pioneered by Herbert Scarf at Yale University in , in two papers, and a follow-up book with Terje Hansen in , with the aim of empirically estimating the Arrow–Debreu model of general equilibrium theory with empirical data, to provide "“a general method for the explicit numerical solution of the neoclassical.

This model is then applied to a variety of subjects in different special fields of economic analysis: welfare economics, international trade, public finance and income distribution. This book represents a very different approach to the teaching of micro-economic theory than normally followed, and one that will be of greater long-run value to. Syrquin, M., Taylor, L. and Westphal, L. (eds) Economic Structure and Performance: Essays in Honour of Hollis B. Chenery. Academic Press Inc., Particularly Chapter 22 ‘On the Uses and Abuses of Economy-wide Models in Development Policy Analysis’, Bell, C. and Srinivasan, T. and Chapter 21 ‘Equilibrium and Prices in Multisector Models’, Gins-burgh, V. and Robinson, S. with other. Townsend, R. () Financial Intermediation, Entrepreneurship, and Economic Growth in Mexico, book manuscript. ———. "Financial Structure and Economic Welfare: Applied General Equilibrium Development Economics." Applied General Equilibrium Development Economics." In Annual Review of Economics. Vol. 2. Edited by Kenneth Arrow and. Traditional tools of analysis that focus on particular commodities or sectors, a particular time frame, and aggregate diverse socioeconomic groups are ill-suited to analyze the consequences of the economic reforms of the last ten years. This volume shows the greater power and relevance of applied general equilibrium methods.

Applied general equilibrium and economic development: present achievements and future trends. This volume brings together twelve papers by many of the most prominent applied general equilibrium modelers honoring Herbert Scarf, the father of equilibrium computation in economics. It deals with developments in applied general equilibrium, a field . CFSP Faculty Director Robert M. Townsend discusses why a view of the entire economy is important in considering financial development. He explains that an ap. She earned her Ph.D. in Economics from Bilkent University. Her research interests include applied general equilibrium modelling for policy analysis, quantitative methods in macro-economic models, and economic growth. She has written for Economic Modeling, Middle East Development Journal, and the Journal of Policy Modeling, among others.