Economic modelling and policy analysis

Bibliographic Information

Economic modelling and policy analysis

Franz C. Palm and Hidde P. Smit

Avebury , Gower Pub. Co., c1991

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Note

Bibliography: p. 375-386

Includes indexes

Description and Table of Contents

Description

The central theme of this book is applied partial and general equilibrium modelling. In recent years, economic model building has shifted from essentially empirically ascertained model specifications, to formulations which are derived from, or consistent with, optimizing behaviour of economic agents. The book gives an introduction to the optimization technqiues needed im empirical model-building. The theoretical and empirical models for consumer behaviour, for production and factor demand, for single markets and economy-wide general equilibrium models are then presented. For each type of model, the aim is to show how empirical models with the features mentioned can be obtained and used for policy purposes.

Table of Contents

  • Structure and use of economic models
  • optimization
  • consumer demand
  • production theory and factor demand
  • developments on a market - demand, supply and (dis)equilibrium
  • input-output models and social accounting matrices
  • general equilibrium models.

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