| Registro completo |
| Provedor de dados: |
AgEcon
|
| País: |
United States
|
| Título: |
A Dynamic CGE Model: An Application of R&D- Based Endogenous Growth Model Theory
|
| Autores: |
Diao, Xinshen
Elbasha, Elamin H.
Roe, Terry L.
Yeldan, A. Erinc
|
| Data: |
2008-01-14
|
| Ano: |
1996
|
| Palavras-chave: |
Applied General Equilibrium
Trade
Growth
International Relations/Trade
F11
031
041
|
| Resumo: |
An R&D based endogenous growth - applied general equilibrium model is developed from an underlying analytical model which combines Romer's capital variety with Grossman and Helpman's multi-sector open economy model. The transitional dynamics of the analytical model are derived. For numerical implementation, a time discrete empirical model, with an Armington structure, is fit to East Asian data of the social accounting matrix variety. Simulations of trade reform are performed and their static and dynamic effects compared. The transition paths of the state variables are found to have a half-life of five to six periods. A solution of the Social Planner's problem, and interventions which seek to obtain this outcome from the decentralized model are also obtained'.
|
| Tipo: |
Working or Discussion Paper
|
| Idioma: |
Inglês
|
| Identificador: |
28077
http://purl.umn.edu/7461
|
| Editor: |
AgEcon Search
|
| Relação: |
University of Minnesota>Economic Development Center>Bulletins
Bulletin 96-1
|
| Formato: |
44
application/pdf
|
