Abstract Recently, studies with different methods (computable general equilibrium models, dynamic stochastic structural gravity equations) evaluated the European Union’s Single Market. The problem all these is that they use complex models datasets are not always replicable. This paper demonstrates even a simple model of Union can capture most important effects economic integration: Market, intr...

The supply of rare earths in China has been the focus of significant attention in recent years. Due to changes in regulatory policies and the development of strategic emerging industries, it is critical to investigate the scenario of rare earth supplies in 2025. To address this question, this paper constructed a dynamic computable equilibrium (DCGE) model to forecast the production, domestic su...

The aim of this article is to investigate the claim that tourism development can be the engine for poverty reduction in Kenya using a dynamic, microsimulation computable general equilibrium model. The article improves on the common practice in the literature by using the more comprehensive Foster-Greer-Thorbecke (FGT) index to measure poverty instead of headcount ratios only. Simulations result...

We prove the stability of equilibrium in a completely decentralized Walrasian general equilibrium economy in which prices are fully controlled by economic agents, with production and trade occurring out of equilibrium. Journal of Economic Literature Classifications: C62—Existence and Stability Conditions of Equilibrium D51—Exchange and Production Economies D58—Computable and Other Applied Gener...

A large economic literature discusses the implications of export sanctions for a variety of states around the world. This paper investigates the macro-level consequences of imposing oil export barriers on an oil exporting country. We employ a large real financial computable general equilibrium for Iran. The model is calibrated based on 1999 Social Accounting Matrix for the economy of Iran inc...

The abundant natural resources can bring either positive or negative impact to the country’s economy depending on the macroeconomic policies. Mongolia has massive mineral resource dominated by coal, copper, and gold. The Government of Mongolia has started to implement a number of infrastructure projects to decrease the mining project’s cost burden caused from the country’s weak infrastructure. ...

Environmental problems are one of the most challenging issues for the entire world and each country. In economic studies, environmental issues are analyzed as negative externalities. In this article, the negative externalities of electricity production on the output growth of different sectors and household’s welfare in Iran’s economy have been studied through price system using Computable Gene...

The purpose of this study is to evaluate the impact of import of technology on Iranian Economy. We have used multi-sectoral and multi–regional computable general equilibrium GTAP model. Transfer of technology from one region to another is another factor effecting productivity. Trade is one of the channels that speeds the transfer of technology. The effect of a ten percent productivity shock, in...