Textbook of Computable General Equilibrium Modeling:Programming and Simulations

Computable General Equilibrium (CGE) models have been widely used for various economic simulations, such as trade liberalization, environmental problems, and regulatory and tax reforms. CGE models are powerful but tend to be large-scale and, therefore, often difficult to learn.

This book provides a comprehensive A-to-Z guide for CGE models. Focusing on their practical application, readers can learn from the simplest CGE models, and proceed, in a step-by-step manner, to database construction, programming for computation, and developing more elaborated CGE models which can be applied empirically for actual simulation purposes. Particular emphasis is placed on computer programs of CGE models. Readers can obtain knowledge and skills from which they can develop and operate their own CGE models, and apply them to their research.

This book is essential reading for all interested in computational economics, advanced macroeconomics, international trade, regional development and development economics

Nobuhito Hospe earned a PhD in Economics at Osaka University and has been an associate professor at Japan's National Graduate Institute for Policy Studies since 1999. He has developed computable general equilibrium models and other simulation models to empirically investigate impacts of trade liberalization and regulatory reforms in public utilities
Kenji Gasawa has been a researcher at the Research Institute, National Rehabilitation Center for Persons with Disabilities since 2001. He has analysed the effects of social security expenditures on social welfare using computable general equilibrium models and other simulation models
Hideo Hashimoto is Professor Emeritus of Osaka University, and has been engaged in economic analysis of developing countries at the World Bank for more than ten years, using various macroeconomic models. He has also taught development economics at Osaka University