Equilibrium Models in an Applied Framework [electronic resource] : Industrial Structure and Transformation / by Ronny NorȨn.

Introduction: The Issue of Structure and Transformation -- The Input-Output Model - A Studie of the Interindustry Structure -- The Outlook of the Sovereign Planner: The Linear Activity Model -- The Planner and the Market: The Takayama Judge Activity Model -- Appendix: The Reformulation of the Walras-Cassel Model -- Tables of Applications -- A Market with Autonomous Economic Decision Makers: Features of the CGE Model -- Appendix: A Summary of Models Presented -- An Applied Model - The CGE Mini Model -- Appendix: The Mathematical Equations of the Model -- Some Parameters Assignments of the Model -- A Suggested Model of Economic Transformation -- Back to the CGE Mini Model -- Globalisation and Intermediate Activity -- Appendix: Input of Intermediate Domestic Production and Imports -- Sector Classification -- A Final Word.

This book gives the historical development, explanations of technical specifications, and a basic understanding of how to use different equilibrium models in an applied framework. It contains an accessible analytical survey of economic equilibrium models, including multi-sector programming models (linear and quadratic) and the computable general equilibrium (CGE) model. The book introduces the importance of disinvestment, and hence, a model of economic transformation is developed. Finally, the globalisation process of the production system is examined.The equilibrium models in this book are presented in an easy way. Although the book is primarily written for advanced undergraduates and beginning graduates, the reading of the book will appeal to anyone interested in economic theory and applied modelling in the field of economics.

ZDB-2-SBE