Building and Running General Equilibrium Models in EViews

A crucial step in policy analysis involves computing consequences of policy actions. The author shows how to implement numerically a general equilibrium model in EViews. Computable general equilibrium models are now commonly used in both industrial...

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Main Author:	Essama-Nssah, B.
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2013
Subjects:	ADJUSTMENT PROCESS ADJUSTMENT TO SHOCKS AGGREGATE CONSUMPTION AGGREGATE OUTPUT AGRICULTURE BASE YEAR BILATERAL TRADE BUDGET CONSTRAINT CIRCULAR FLOW COMPETITIVENESS CONCEPTUAL FRAMEWORK CONSTANT ELASTICITY CONSTANT ELASTICITY OF SUBSTITUTION CONSUMER PRICE INDEX COUNTERFACTUAL SIMULATIONS CURRENCY DATA SET DEVELOPING COUNTRIES DOMESTIC MARKET DOMESTIC PRICE DOMESTIC PRICE INDEX DOMESTIC PRICE OF IMPORTS DOMESTIC PRICES ECONOMETRIC ANALYSIS ECONOMIC ACTIVITY ECONOMIC POLICIES ECONOMIC POLICY ELASTICITY ELASTICITY OF SUBSTITUTION EMPIRICAL MODEL EMPIRICAL RESULTS ENDOGENOUS VARIABLE ENDOGENOUS VARIABLES EQUATION EQUATIONS EQUILIBRIUM EQUILIBRIUM VALUES EXCESS SUPPLY EXCHANGE RATE EXOGENOUS VARIABLE EXOGENOUS VARIABLES EXPLOITATION EXPORT SUPPLY EXPORTS EXTERNAL SHOCKS FACTOR MARKETS FORECASTS FOREIGN CAPITAL FOREIGN EXCHANGE FOREIGN GOODS FREE TRADE FULL EMPLOYMENT GDP GDP DEFLATOR GENERAL EQUILIBRIUM MODEL GENERAL EQUILIBRIUM MODELING GROSS DOMESTIC PRODUCT HISTORICAL DATA HOUSEHOLD INCOME IMPORT SUBSTITUTION IMPORTS INCOME INCOME DISTRIBUTION INCOME EFFECT INTERNATIONAL TRADE MACROECONOMIC BALANCE MACROECONOMIC EFFECTS MATHEMATICAL PROGRAMMING NATIONAL INCOME NOMINAL EXCHANGE RATE OPTIMIZATION PERFECT COMPETITION PERFECT SUBSTITUTES POLICY ANALYSIS POLICY CHANGES POLICY INSTRUMENT POLICY INSTRUMENTS POLICY INTERVENTION POLICY RESEARCH POLITICAL ECONOMY POVERTY REDUCTION PRIMARY FACTORS PRIMARY FACTORS OF PRODUCTION PUBLIC CHOICE PUBLIC POLICY REAL EXCHANGE RATE REAL OUTPUT RELATIVE IMPORTANCE RELATIVE PRICE RELATIVE PRICES RESOURCE ALLOCATION SAVINGS SENSITIVITY ANALYSIS SIGNIFICANT IMPROVEMENT STRUCTURAL ADJUSTMENT STRUCTURAL CHANGE SUBSTITUTION EFFECT SUBSTITUTION ELASTICITIES TERMS OF TRADE TIME SERIES TRADABLE GOODS TRADE AGREEMENT TRADE BALANCE TRADE POLICY TRADEOFFS TRANSPORT COSTS VALUE OF IMPORTS WAGES WELFARE FUNCTION WORLD PRICES
Online Access:	http://documents.worldbank.org/curated/en/2004/01/3169681/building-running-general-equilibrium-models-eviews-building-running-general-equilibrium-models-eviews http://hdl.handle.net/10986/15621

id	okr-10986-15621
recordtype	oai_dc
spelling	okr-10986-156212021-04-23T14:03:20Z Building and Running General Equilibrium Models in EViews Essama-Nssah, B. ADJUSTMENT PROCESS ADJUSTMENT TO SHOCKS AGGREGATE CONSUMPTION AGGREGATE OUTPUT AGRICULTURE BASE YEAR BILATERAL TRADE BUDGET CONSTRAINT CIRCULAR FLOW COMPETITIVENESS CONCEPTUAL FRAMEWORK CONSTANT ELASTICITY CONSTANT ELASTICITY OF SUBSTITUTION CONSUMER PRICE INDEX COUNTERFACTUAL SIMULATIONS CURRENCY DATA SET DEVELOPING COUNTRIES DOMESTIC MARKET DOMESTIC PRICE DOMESTIC PRICE INDEX DOMESTIC PRICE OF IMPORTS DOMESTIC PRICES ECONOMETRIC ANALYSIS ECONOMIC ACTIVITY ECONOMIC POLICIES ECONOMIC POLICY ELASTICITY ELASTICITY OF SUBSTITUTION EMPIRICAL MODEL EMPIRICAL RESULTS ENDOGENOUS VARIABLE ENDOGENOUS VARIABLES EQUATION EQUATIONS EQUILIBRIUM EQUILIBRIUM VALUES EXCESS SUPPLY EXCHANGE RATE EXOGENOUS VARIABLE EXOGENOUS VARIABLES EXPLOITATION EXPORT SUPPLY EXPORTS EXTERNAL SHOCKS FACTOR MARKETS FORECASTS FOREIGN CAPITAL FOREIGN EXCHANGE FOREIGN GOODS FREE TRADE FULL EMPLOYMENT GDP GDP DEFLATOR GENERAL EQUILIBRIUM MODEL GENERAL EQUILIBRIUM MODELING GROSS DOMESTIC PRODUCT HISTORICAL DATA HOUSEHOLD INCOME IMPORT SUBSTITUTION IMPORTS INCOME INCOME INCOME DISTRIBUTION INCOME EFFECT INTERNATIONAL TRADE MACROECONOMIC BALANCE MACROECONOMIC EFFECTS MATHEMATICAL PROGRAMMING NATIONAL INCOME NOMINAL EXCHANGE RATE OPTIMIZATION PERFECT COMPETITION PERFECT SUBSTITUTES POLICY ANALYSIS POLICY CHANGES POLICY INSTRUMENT POLICY INSTRUMENTS POLICY INTERVENTION POLICY RESEARCH POLITICAL ECONOMY POVERTY REDUCTION PRIMARY FACTORS PRIMARY FACTORS OF PRODUCTION PUBLIC CHOICE PUBLIC POLICY REAL EXCHANGE RATE REAL OUTPUT RELATIVE IMPORTANCE RELATIVE PRICE RELATIVE PRICES RESOURCE ALLOCATION SAVINGS SENSITIVITY ANALYSIS SIGNIFICANT IMPROVEMENT STRUCTURAL ADJUSTMENT STRUCTURAL CHANGE SUBSTITUTION EFFECT SUBSTITUTION ELASTICITIES TERMS OF TRADE TIME SERIES TRADABLE GOODS TRADE AGREEMENT TRADE BALANCE TRADE POLICY TRADEOFFS TRANSPORT COSTS VALUE OF IMPORTS WAGES WELFARE FUNCTION WORLD PRICES A crucial step in policy analysis involves computing consequences of policy actions. The author shows how to implement numerically a general equilibrium model in EViews. Computable general equilibrium models are now commonly used in both industrial and developing countries to assess the impact of external shocks or economic policies on the structure of the economy or the distribution of welfare. The current version of EViews offers a set of tools for building and solving simulation models in general. The same tools make it possible to conduct policy analysis within a general equilibrium framework. Based on the generalized Salter-Swan framework and macroeconomic data for Indonesia, the author shows how to process a social accounting matrix, specify and calibrate the model, and run simulations. The results replicate welfare and structural effects of shocks and policies consistent with the underlying conceptual framework. They also reveal the key role played by structural parameters, such as the elasticity of export transformation and that of import substitution, in determining the extent of structural adjustment to shocks and the relevance of the policy response. 2013-09-04T20:23:05Z 2013-09-04T20:23:05Z 2004-01 http://documents.worldbank.org/curated/en/2004/01/3169681/building-running-general-equilibrium-models-eviews-building-running-general-equilibrium-models-eviews http://hdl.handle.net/10986/15621 English en_US Policy Research Working Paper;No. 3197 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research Indonesia
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	ADJUSTMENT PROCESS ADJUSTMENT TO SHOCKS AGGREGATE CONSUMPTION AGGREGATE OUTPUT AGRICULTURE BASE YEAR BILATERAL TRADE BUDGET CONSTRAINT CIRCULAR FLOW COMPETITIVENESS CONCEPTUAL FRAMEWORK CONSTANT ELASTICITY CONSTANT ELASTICITY OF SUBSTITUTION CONSUMER PRICE INDEX COUNTERFACTUAL SIMULATIONS CURRENCY DATA SET DEVELOPING COUNTRIES DOMESTIC MARKET DOMESTIC PRICE DOMESTIC PRICE INDEX DOMESTIC PRICE OF IMPORTS DOMESTIC PRICES ECONOMETRIC ANALYSIS ECONOMIC ACTIVITY ECONOMIC POLICIES ECONOMIC POLICY ELASTICITY ELASTICITY OF SUBSTITUTION EMPIRICAL MODEL EMPIRICAL RESULTS ENDOGENOUS VARIABLE ENDOGENOUS VARIABLES EQUATION EQUATIONS EQUILIBRIUM EQUILIBRIUM VALUES EXCESS SUPPLY EXCHANGE RATE EXOGENOUS VARIABLE EXOGENOUS VARIABLES EXPLOITATION EXPORT SUPPLY EXPORTS EXTERNAL SHOCKS FACTOR MARKETS FORECASTS FOREIGN CAPITAL FOREIGN EXCHANGE FOREIGN GOODS FREE TRADE FULL EMPLOYMENT GDP GDP DEFLATOR GENERAL EQUILIBRIUM MODEL GENERAL EQUILIBRIUM MODELING GROSS DOMESTIC PRODUCT HISTORICAL DATA HOUSEHOLD INCOME IMPORT SUBSTITUTION IMPORTS INCOME INCOME INCOME DISTRIBUTION INCOME EFFECT INTERNATIONAL TRADE MACROECONOMIC BALANCE MACROECONOMIC EFFECTS MATHEMATICAL PROGRAMMING NATIONAL INCOME NOMINAL EXCHANGE RATE OPTIMIZATION PERFECT COMPETITION PERFECT SUBSTITUTES POLICY ANALYSIS POLICY CHANGES POLICY INSTRUMENT POLICY INSTRUMENTS POLICY INTERVENTION POLICY RESEARCH POLITICAL ECONOMY POVERTY REDUCTION PRIMARY FACTORS PRIMARY FACTORS OF PRODUCTION PUBLIC CHOICE PUBLIC POLICY REAL EXCHANGE RATE REAL OUTPUT RELATIVE IMPORTANCE RELATIVE PRICE RELATIVE PRICES RESOURCE ALLOCATION SAVINGS SENSITIVITY ANALYSIS SIGNIFICANT IMPROVEMENT STRUCTURAL ADJUSTMENT STRUCTURAL CHANGE SUBSTITUTION EFFECT SUBSTITUTION ELASTICITIES TERMS OF TRADE TIME SERIES TRADABLE GOODS TRADE AGREEMENT TRADE BALANCE TRADE POLICY TRADEOFFS TRANSPORT COSTS VALUE OF IMPORTS WAGES WELFARE FUNCTION WORLD PRICES
spellingShingle	ADJUSTMENT PROCESS ADJUSTMENT TO SHOCKS AGGREGATE CONSUMPTION AGGREGATE OUTPUT AGRICULTURE BASE YEAR BILATERAL TRADE BUDGET CONSTRAINT CIRCULAR FLOW COMPETITIVENESS CONCEPTUAL FRAMEWORK CONSTANT ELASTICITY CONSTANT ELASTICITY OF SUBSTITUTION CONSUMER PRICE INDEX COUNTERFACTUAL SIMULATIONS CURRENCY DATA SET DEVELOPING COUNTRIES DOMESTIC MARKET DOMESTIC PRICE DOMESTIC PRICE INDEX DOMESTIC PRICE OF IMPORTS DOMESTIC PRICES ECONOMETRIC ANALYSIS ECONOMIC ACTIVITY ECONOMIC POLICIES ECONOMIC POLICY ELASTICITY ELASTICITY OF SUBSTITUTION EMPIRICAL MODEL EMPIRICAL RESULTS ENDOGENOUS VARIABLE ENDOGENOUS VARIABLES EQUATION EQUATIONS EQUILIBRIUM EQUILIBRIUM VALUES EXCESS SUPPLY EXCHANGE RATE EXOGENOUS VARIABLE EXOGENOUS VARIABLES EXPLOITATION EXPORT SUPPLY EXPORTS EXTERNAL SHOCKS FACTOR MARKETS FORECASTS FOREIGN CAPITAL FOREIGN EXCHANGE FOREIGN GOODS FREE TRADE FULL EMPLOYMENT GDP GDP DEFLATOR GENERAL EQUILIBRIUM MODEL GENERAL EQUILIBRIUM MODELING GROSS DOMESTIC PRODUCT HISTORICAL DATA HOUSEHOLD INCOME IMPORT SUBSTITUTION IMPORTS INCOME INCOME INCOME DISTRIBUTION INCOME EFFECT INTERNATIONAL TRADE MACROECONOMIC BALANCE MACROECONOMIC EFFECTS MATHEMATICAL PROGRAMMING NATIONAL INCOME NOMINAL EXCHANGE RATE OPTIMIZATION PERFECT COMPETITION PERFECT SUBSTITUTES POLICY ANALYSIS POLICY CHANGES POLICY INSTRUMENT POLICY INSTRUMENTS POLICY INTERVENTION POLICY RESEARCH POLITICAL ECONOMY POVERTY REDUCTION PRIMARY FACTORS PRIMARY FACTORS OF PRODUCTION PUBLIC CHOICE PUBLIC POLICY REAL EXCHANGE RATE REAL OUTPUT RELATIVE IMPORTANCE RELATIVE PRICE RELATIVE PRICES RESOURCE ALLOCATION SAVINGS SENSITIVITY ANALYSIS SIGNIFICANT IMPROVEMENT STRUCTURAL ADJUSTMENT STRUCTURAL CHANGE SUBSTITUTION EFFECT SUBSTITUTION ELASTICITIES TERMS OF TRADE TIME SERIES TRADABLE GOODS TRADE AGREEMENT TRADE BALANCE TRADE POLICY TRADEOFFS TRANSPORT COSTS VALUE OF IMPORTS WAGES WELFARE FUNCTION WORLD PRICES Essama-Nssah, B. Building and Running General Equilibrium Models in EViews
geographic_facet	Indonesia
relation	Policy Research Working Paper;No. 3197
description	A crucial step in policy analysis involves computing consequences of policy actions. The author shows how to implement numerically a general equilibrium model in EViews. Computable general equilibrium models are now commonly used in both industrial and developing countries to assess the impact of external shocks or economic policies on the structure of the economy or the distribution of welfare. The current version of EViews offers a set of tools for building and solving simulation models in general. The same tools make it possible to conduct policy analysis within a general equilibrium framework. Based on the generalized Salter-Swan framework and macroeconomic data for Indonesia, the author shows how to process a social accounting matrix, specify and calibrate the model, and run simulations. The results replicate welfare and structural effects of shocks and policies consistent with the underlying conceptual framework. They also reveal the key role played by structural parameters, such as the elasticity of export transformation and that of import substitution, in determining the extent of structural adjustment to shocks and the relevance of the policy response.
format	Publications & Research :: Policy Research Working Paper
author	Essama-Nssah, B.
author_facet	Essama-Nssah, B.
author_sort	Essama-Nssah, B.
title	Building and Running General Equilibrium Models in EViews
title_short	Building and Running General Equilibrium Models in EViews
title_full	Building and Running General Equilibrium Models in EViews
title_fullStr	Building and Running General Equilibrium Models in EViews
title_full_unstemmed	Building and Running General Equilibrium Models in EViews
title_sort	building and running general equilibrium models in eviews
publisher	World Bank, Washington, DC
publishDate	2013
url	http://documents.worldbank.org/curated/en/2004/01/3169681/building-running-general-equilibrium-models-eviews-building-running-general-equilibrium-models-eviews http://hdl.handle.net/10986/15621
_version_	1764430109459087360

Building and Running General Equilibrium Models in EViews

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