In recent years there has been increasing concern about the identi…cation of parameters in dynamic stochastic general equilibrium (DSGE) models. Given the structure of DSGE models it may be di¢ cult to determine whether a parameter is identi…ed. For the researcher using Bayesian methods, a lack of identi…cation may not be evident since the posterior of a parameter of interest may di¤er from its...

a Department of Environmental Economics, Institute for Environmental Studies, VU University Amsterdam, De Boelelaan 1087, 1081 HV, Amsterdam, The Netherlands b Environmental Economics and Natural Resources Group, Wageningen University and Research Center, Hollandseweg 1, 6706 KN Wageningen, The Netherlands c LEI, Wageningen University and Research Center, The Hague, The Netherlands d Deltares, ...

In this paper an applied general equilibrium model for the Extremadura region is presented. Our aim is to show the importance of agricultural subsidies in this economy, that it is a distinctive characteristic of this region. To achieve this purpose, we analyse the effects of a supression of these subsidies, using different scenaries related to the labour market and tax compensation. Model param...

An applied general equilibrium model is proposed to quantify the impact of a national environmental program on the Turkish economy, based on environmental taxes and a system of tradable pollution permits. In this model, Turkey is divided into different regions according to the level of industrialization and pollution in order to determine the most appropriate policies. The energy and transport ...

With a significant slowing down in economic growth especially in the growth rate of exports since the beginning of the 2010s when the appreciation of Renminbi (RMB) appreciation accelerates, China also faces a challenge of improving the already deteriorated income distribution. This raises a concern over the issue on how to stimulate domestic demand when export growth rate is slowing down and r...

abstract water is a vital resource for every biological and human phenomena. nowadays, water management and conservation has a great importance not only in developing countries, but also in developed countries. in traditional economics, water is not taken into consideration as a factor of production in the national accounts. nevertheless in reality, water is the primary input of many goods and ...

this paper estimates the effects of increase in iran’s non-oil exports on its economic growth as well as sectoral outputs, using a single country, comparative static, exogenous policy computable general equilibrium (cge) model. the paper also investigates the share of tradable sectors in reaching to the targeted growth rate (8%) in 5th socio-economic development plan. for this purpose, the para...

malaysia, as a small and developing country, must reduce carbon emissions because the country is one of the top co2-emitting countries in the asean region. therefore, the current study implements two environmental tax policies; carbon and energy taxes, in order to examine the impacts of these policies on the reduction of carbon emission in the whole of the economy by applying a computable gener...