Econometric general equilibrium modeling

著者

• Jorgenson, Dale Weldeau

書誌事項

Econometric general equilibrium modeling

Dale W. Jorgenson

（Growth / Dale W. Jorgenson, v. 1）

MIT Press, c1998

注記

Includes bibliographical references (p. [425]-440) and index

内容説明・目次

内容説明

Volume 1: Econometric General Equilibrium Modeling presents an econometric approach to general equilibrium modeling of the impact of economic policies. Earlier approaches were based on the "calibration" of general equilibrium models to a single data point. The obvious disadvantage of calibration is that it requires highly restrictive assumptions about technology and preferences, such as fixed input-output coefficients. These assumptions are contradicted by the massive evidence of energy conservation in response to higher world energy prices, beginning in 1973. The econometric approach to general equilibrium modeling successfully freed economic policy analysis from the straitjacket imposed by calibration. As a consequence of changes in energy prices and new environmental policies, a wealth of historical experience has accumulated over the past two decades. Interpreted within the framework of the neoclassical theory of economic growth, this experience provides essential guidelines for future policy formation. Volume 2: Energy, the Environment, and Economic Growth presents a new econometric general equilibrium model of the United States that captures the dynamic mechanisms underlying growth trends and responses to energy and environmental policies. Jorgenson uses the model to analyze the impacts of environmental regulations on US economic growth and tax policies for controlling U.S. emissions of carbon dioxide.

目次

• Part 1 A dual stability theorem, Dale W. Jorgensen: introduction
• relative stability
• dual stability theorem
• dual instability in the open system. Part 2 The development of a dual economy, Dale W. Jorgensen: introduction
• the traditional sector
• modes of development
• a dual economy
• agricultural surplus
• fundamental differential equation
• low-level equilibrium trap. Part 3 The structure of multi-sector dynamic models, Dale W. Jorgensen: introduction
• two theorems on nonnegativity
• multiplier theory
• the dynamic input-output system
• the lagged accelerator
• the capital stock adjustment model
• irreversibility of capital accumulation
• some further examples. Part 4 testing alternative theories of the development of a dual economy, Dale W. Jorgensen: introduction
• evidence - direct implications
• evidence - indirect implications
• summary and conclusion. Part 5 Surplus agricultural labour and the development of a dual economy, Dale W. Jorgensen: introduction
• development of a dual economy - a classical approach
• development of a dual economy - a neoclassical approach
• beyond disguised unemployment
• summary and conclusion. Part 6 US tax policy and energy conservation, Edward A. Hudson and Dale W. Jorgensen: introduction
• inter-industry model
• producer behaviour
• growth model
• energy projections
• energy policy
• alternative oil prices
• alternative tax policies
• conclusion. Part 7 Economic analysis of alternative energy growth patterns, 1975-2000, Edward A. Hudson and Dale W. Jorgensen: introduction
• the data resources inc. energy model
• methodology
• historical growth
• technical fix growth
• zero energy growth
• conclusion. Part 8 The integration of energy policy models, Ben Bernanke and Dale W. Jorgensen: introduction
• inter-industry model
• natural gas model
• integrated model
• applications. Part 9 Economic and technological models for evaluation of energy policy, Kenneth C. Hoffman and Dale W. Jorgensen: introduction
• econometric and process analysis models
• model integration
• application
• conclusion. Part 10 Energy policy and US economic growth, Edward A. Hudson and Dale W. Jorgensen: econometric and process analysis models
• alternative energy policies
• economic growth. Part 11 The role of energy in the US economy, Dale W. Jorgensen: introduction
• background
• the Carter programme
• the recovery
• the outlook. Part 12 Energy prices and the US economy, 1972-1976, Edward A. Hudson and Dale W. Jorgensen: introduction
• analytical framework
• overall economic impact
• effect on economic structure
• reduction in energy use
• reduction in capital stock
• change in employment
• conclusions. Part 13 The economic impact of policies to reduce US energy growth, Edward A. Hudson and Dale W. Jorgensen: introduction
• econometric and process analysis models
• alternative energy policies
• overview of economic effects
• adjustments in the price structure
• changes in the pattern of final demand
• changes in production patterns
• composition of total output
• dynamic adjustments through inv

「Nielsen BookData」 より

詳細情報

• NII書誌ID(NCID): BA39496247
• ISBN:
  • 0262100738
• 出版国コード: us
• タイトル言語コード: eng
• 本文言語コード: eng
• 出版地: Cambridge, Mass.
• ページ数/冊数: xxviii, 448 p.
• 大きさ: 24 cm
• 件名:
  • LCSH : Economic development -- Econometric models
  • LCSH : Equilibrium (Economics)
  • LCSH : United States -- Economic conditions -- Econometric models
  • LCSH : Environmental policy -- United States -- Econometric models
• 親書誌ID:
  • BA39496790