The objective of this paper is to determine the impact a variation in government spending on well-being population Cameroon. We use Computable General Equilibrium Model (CGEM) developed by Decaluwé et al., [1] calibrated 2016 Social Accounting Matrix (SAM) for Cameroon [1]. This SAM constructed from Resources and Uses Table (RUT) national accounts data National Institute Statistics [2]. welfare...

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...

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...

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...

Computable general equilibrium (CGE) models play a central role in modern economic modeling, bearing on a wide range of important applications in international climate and trade policies, growth and development of countries, national income distribution and equality studies. We formulate a canonical CGE model as a complementarity problem and introduce CIM-EARTH, a collection of open-source exte...