this paper tries to analyze the impacts of intermediate goods trade on production, consumption, investment, net exports, employment, labor wage and capital rent of iran in its bilateral trade relations with china. this analysis has been done by modeling, solving and calibrating an international real business cycles (irbc) model in period 1980-2009. the results show that when elasticity of subst...

In this letter, we apply an extended environmental dynamic computable general equilibrium model to assess the economic consequences of implementing a total emission control policy. On the basis of emission levels in 2007, we simulate different emission reduction scenarios, ranging from 20 to 50% emission reduction, up to the year 2020. The results indicate that a modest total emission reduction...

We set up two rival Computable General Equilibrium (CGE) models of world trade, one based on classical theories comparative advantage, the other recent gravity theories. have tested them by indirect inference time-series trade facts for four major countries or country blocs: UK, US, China and EU. The UK is a small enough economy rest world’s behaviour to be treated as exogenous, so we test mode...

This entry reviews planning models as applied to developing countries. Aggregative, sectoral and project appraisal techniques are discussed. It is seen that while there was signi…cant progress in the post-war period in devising sophisticated techniques, the ascendancy of market friendly reforms in the recent era has emphaized the use of dynamic and computable general equilibrium models. Many of...