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Saturday, May 16, 2020 | History

4 edition of An evaluation of the performance of applied general equilibrium models of the impact of NAFTA found in the catalog.

An evaluation of the performance of applied general equilibrium models of the impact of NAFTA

Timothy Jerome Kehoe

An evaluation of the performance of applied general equilibrium models of the impact of NAFTA

by Timothy Jerome Kehoe

  • 134 Want to read
  • 18 Currently reading

Published by Federal Reserve Bank of Minneapolis in [Minneapolis, Minn.] .
Written in English

    Places:
  • Free trade
    • Subjects:
    • Canada.,
    • Free trade -- North America -- Econometric models.

    • Edition Notes

      StatementTimothy J. Kehoe.
      SeriesFederal Reserve Bank of Minneapolis, Research Department staff report ;, 320, Staff report (Federal Reserve Bank of Minneapolis. Research Dept. : Online) ;, 320.
      Classifications
      LC ClassificationsHB1
      The Physical Object
      FormatElectronic resource
      ID Numbers
      Open LibraryOL3389973M
      LC Control Number2004616749

      Computable General Equilibrium Models for Pol-icy Evaluation and Economic Consequence Anal-ysis Ian Sue Wing Dept. of Earth & Environment, Boston University, Commonwealth Ave., Boston MA [email protected] Edward J. Balistreri Division of Economics and Business, Colorado School of Mines, 15th Street, Golden CO [email protected] rium models. The work on applied general equilibrium models can be divided into two traditions. The first tradition owes a great deal to Arnold Harberger and Harry Johnson. Most of Johnson's work (e.g., Johnson and Krauss ) deals with international trade issues. Harberger's work has helped to increase the popularity of general equilibrium.

      Shoven, J. and J. Whalley () Applied General-Equilibrium Models of Taxation and International Trade: An Introduction and Survey. Journal of Economic Literature, Vol. 22, Issue 3, Schulz, J. H., () The Economic Status of the Retired Aged in Simulation Projections. “An Evaluation of the Performance of Applied General Equilibrium Models of the Impact of NAFTA.” Federal Reserve Bank of Minneapolis Research Department Staff .

      IMPACT project3 – and sought to dramatically lower the entry barriers to global Applied General Equilibrium (AGE) analysis, as well as increasing the potential for independent replication of findings. In his retrospective paper presented at the 10th annual GTAP conference, Alan Powell (, p. 5) speculates about why GTAP came about. Kehoe TJ () An evaluation of the performance of applied general equilibrium models of the impact of NAFTA. In: Kehoe TJ, Srinivasan TN, Whalley J (eds) Frontiers in Applied General Equilibrium Modeling: Essays in Honor of Herbert Scarf. Cambridge University Press, Cambridge Google ScholarCited by: 3.


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An evaluation of the performance of applied general equilibrium models of the impact of NAFTA by Timothy Jerome Kehoe Download PDF EPUB FB2

General equilibrium models used to predict the impact of the North American Free Trade Agreement. These models drastically underestimated the impact of NAFTA on North American trade.

Furthermore, the models failed to capture much of the relative impacts on different sectors. Ex-post performance evaluations of applied GE models are essential if.

An Evaluation of the Performance of Applied General Equilibrium Models of the Impact of NAFTA Article April with 31 Reads How we measure 'reads'Author: Timothy J. Kehoe.

/ An evaluation of the performance of applied general equilibrium models on the impact of NAFTA. Frontiers in Applied General Equilibrium Modeling: In Honor of Herbert Scarf.

Vol. Cambridge University Press, pp. Cited by: Downloadable. This paper evaluates the performances of three of the most prominent multisectoral static applied general equilibrium models used to predict the impact of the North American Free Trade Agreement.

These models drastically underestimated the impact of NAFTA on North American trade. Furthermore, the models failed to capture much of the relative impacts on different sectors. ABSTRACT: This paper evaluates the performance of three of the most prominent multisectoral static applied general equilibrium (GE) models used to predict the impact of the North American Free Trade Agreement (NAFTA).

These models drastically underestimated the impact of NAFTA on North American trade. Furthermore, the models failed to capture much of the relative impact on different sectors. Kehoe, T. An Evaluation of the Performance of Applied General Equilibrium Models of the Impact of NAFTA: Essays in Honor of Herbert T.

Kehoe, T. Srinivasan, & J. Whalley (Eds.), Frontiers in Applied General Equilibrium Modeling: Essays in Honor of Herbert Scarf (pp. –).Cambridge University by: 4. Timothy J. Kehoe, "An Evaluation of the Performance of Applied General Equilibrium Models of the Impact of NAFTA," Levine's Working Paper ArchiveDavid K.

Levine. Handle: RePEc:cla:levarc An Evaluation of the Performance of Applied General Equilibrium Models of the Impact of NAFTA Timothy J.

Kehoe June Fifth Conference on Global Economic AnalysisCited by: These models drastically underestimated the impact of NAFTA on North American trade. Furthermore, the models failed to capture much of the relative impacts on different sectors. Ex-post performance evaluations of applied GE models are essential if policymakers are to have confidence in the results produced by these models.

Kehoe, Timothy J. An Evaluation of the Performance of Applied General Equilibrium Models of the Impact of NAFTA. In Timothy J. Kehoe, T. Srinivasan and J. Whalley, eds. Frontiers in Applied General Equilibrium Modeling: Essays in Honor of Herbert Scarf.

Cambridge University Press, − This book describes the structure of general equilibrium models. It is written for the researcher who intends to construct or study applied general equilibrium (AGE) models and has a special interest in their theoretical background.

Both general equilibrium theory and AGE modeling continueFile Size: 5MB. The impact of Nafta on the United States. An Evaluation of the Performance of Applied General Equilibrium Models of the Impact of NAFTA. The North American Free Trade Agreement (NAFTA.

"This volume deals with new developments in applied general equilibrium, a field that has broadened greatly since the s. The contributors discuss some traditional as well as some newer topics in the field, including nonconvexities in economy-wide models, tax.

An evaluation of the performance of applied general equilibrium models of the impact of NAFTA "This paper evaluates the performances of three of the most prominent multisectoral static applied general equilibrium models used to predict the impact of the North American Free Trade Agreement.

These models drastically. “An Evaluation of the Performance of Applied General Equilibrium Models of the Impact of NAFTA,” in Timothy J. Kehoe, T.N. Srinivasan, and John Whalley, editors, Frontiers in Applied General Equilibrium Modeling: Essays in Honor of Herbert Scarf, Cambridge University Press,– Part Six.

Policy Uses and Performance of AGE Models 13 An Evaluation of the Performance of Applied General Equilibrium Models on the Impact of NAFTA Timothy J. Kehoe 14 Decompositional Analysis Using Numerical Equilibrium Models: Illustrations from Cited by: The threeproblemsof impact evaluation (Heckman, ) P1.

Evaluating. the impact of historical interventions on outcomes including their. impact. terms. of welfare. Forecasting. the impacts (constructing counterfactual states) of interventions.

implemented in. one environment in other environments, including their impacts in. 2 General equilibrium theory 3 Computing general equilibria 9 37 71 Part II Applying the techniques 4 Designing an applied general equilibrium model 5 Using applied general equilibrium models 6 A Harberger tax-model application 7 A general equilibrium model of U.

tax policies Part III Policy applications 8 Global File Size: 4MB. Timothy Kehoe (University of Minnesota & FRB of Minneapolis), “An Evaluation of the Performance of Applied General Equilibrium Models of the Impact of NAFTA” Discussant: Jaime Serra (SAI, Mexico City) Shantayanan Devarajan (World Bank), “The Impact of AGE.

13 An Evaluation of the Performance of Applied General Equilibrium Models on the Impact of NAFTA Timothy J. Kehoe 14 Decompositional Analysis Using Numerical Equilibrium Models: Illustrations from Trade Literature Lisandro Abrego and John Whalley 15 The Influence of Computable General Equilibrium Models on Policy.

It deals with developments in applied general equilibrium, a field which has broadened greatly since the s. The contributors discuss some traditional as well as some modern topics in the field, including non-convexities in economy-wide models, tax policy, developmental modeling and energy modeling.The GEM-E3 (World and Europe versions) model is an applied general equilibrium model, simultaneously representing 37 World regions/24 European countries, which provides details on the macro-economy and its interaction with the environment and the energy system.

It covers all production sectorsFile Size: 2MB.His research and teaching center on the theory and application of general equilibrium models.

He has advised several foreign governments, including Spain on the impact of joining the European Community inMexico on the impact of joining the North America Free Trade Agreement inand Panama regarding foreign trade and investment.