"General-equilibrium" refers to an analytical approach which looks
at the economy as a complete system of inter-dependent components
(industries, households, investors, governments, importers and
exporters). "Applied" means that the primary interest is in systems
that can be used to provide quantitative analysis of economic
policy problems in particular countries. Reflecting the authors'
belief in the models as vehicles for practical policy analysis, a
considerable amount of material on data and solution techniques as
well as on theoretical structures has been included. The sequence
of chapters follows what is seen as the historical development of
the subject.
The book is directed at graduate students and professional
economists who may have an interest in constructing or applying
general equilibrium models. The exercises and readings in the book
provide a comprehensive introduction to applied general equilibrium
modeling. To enable the reader to acquire hands-on experience with
computer implementations of the models which are described in the
book, a companion set of diskettes is available.
General
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