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Computable general equilibrium (CGE) models are widely used by governmental organizations and academic institutions to analyze the economy-wide effects of events such as climate change, tax policies, and immigration. This book provides a practical, how-to guide to CGE models suitable for use at the undergraduate college level. Its introductory level distinguishes it from other available books and articles on CGE models. The book provides intuitive and graphical explanations of the economic theory that underlies a CGE model and includes many examples and hands-on modeling exercises. It may be used in courses on economics principles, microeconomics, macroeconomics, public finance, environmental economics, and international trade and finance, because it shows students the role of theory in a realistic model of an economy. The book is also suitable for courses on general equilibrium models and research methods, and for professionals interested in learning how to use CGE models.
- Sales Rank: #4837360 in Books
- Brand: Brand: Cambridge University Press
- Published on: 2011-02-21
- Original language: English
- Number of items: 1
- Dimensions: 9.96" h x .87" w x 8.46" l, 1.85 pounds
- Binding: Hardcover
- 368 pages
- Used Book in Good Condition
Review
"Climate change, agricultural subsidies, high food prices, global and regional trade agreements, killer diseases, misaligned exchange rates - the major policy debates of our time - are increasingly analyzed using computable general equilibrium (CGE) models. Mary Burfisher's book opens up the 'black box' of these models and provides a lucid introduction to their economic underpinnings, their data and modeling assumptions, and their application to public policy. This book will lead to better informed producers and consumers of CGE models and, we hope, better policy decisions." - Shantayanan Devarajan, Chief Economist, World Bank
"CGE models are a key tool for illuminating how policy can help both developed and developing countries address many challenges of our time, including environmental change, labor migration, and poverty reduction. This well-written volume is a most welcome addition to the literature, as it is hands-on and designed for teaching CGE modeling in advanced undergraduate economics classes and other settings." - Hans Lofgren, Senior Economist, World Bank
"CGE models are now widely deployed by academic researchers, national governments, and international organizations to address an increasing variety of problems, from trade liberalization to climate change and even natural disasters. There have been many 'introductions' to this style of modeling over the years, but none of these has supplied the accessibility, intuition, and coherence of Mary Burfisher's new book. A generation of students and professional learners will be in her debt." - Kenneth A. Reinert, George Mason University
"This book is based on extensive teaching experience and is an excellent introduction to the theory and practice of computable general equilibrium (CGE) models. It links the models to policy issues, describing the relevant theory and examples of CGE analysis of particular issues, and it also provides students with hands-on experience with models based on the GTAP modeling system." - Sherman Robinson, Institute of Development Studies, University of Sussex, and International Food Policy Research Institute
"CGE has emerged in recent years as an indispensable tool for applied analysis of a wide range of economic policy issues. Indeed an understanding of CGE models is now an important component of the applied economist's toolkit. For this reason, this new book by Burfisher makes a welcome and valued contribution." - Joseph Francois, Johannes Kepler Universität Linz
About the Author
Mary E. Burfisher is Distinguished Visiting Lecturer at the United States Naval Academy, Annapolis, Maryland. She has also served as a senior economist for the Economic Research Service of the US Department of Agriculture in Washington, DC. Dr Burfisher is a consultant on computable general equilibrium models and agricultural policy for U.S. governmental agencies and international organizations. She is the author and editor of numerous monographs, books and articles on international agricultural and trade policies. Dr Burfisher has been a Fellow of the Global Trade Analysis Program (GTAP) at Purdue University from 2003 to 2010 and received the Quality of Communication Award from the American Agricultural Economics Association. She earned her Ph.D. in economics from the University of Maryland.
Most helpful customer reviews
1 of 1 people found the following review helpful.
poor rendition into Kindle version
By andrew
I agree with the other reviewers that this book is a useful introduction to CGE modelling written in a clear and articulate style. However the Kindle version is a disaster in that all the tables and some of the equations (critical in an economics text) are included as a picture rather than as a text and therefore cannot be scaled (changed in size to make readable). This means that many of the explanatory boxes are quite illegible when read on a Kindle reader. Whether the problem is with the Kindle software used to prepare the text by the publisher or the Kindle itself, such a key problem makes this text almost worthless. Be careful of the Kindle version.
0 of 0 people found the following review helpful.
Excelent introduction to CGEs.
By Amazon Customer
Excelent introduction to CGE models. The basic structure of these models is presented in a friendly form. The references to the literature are useful to give the reader a sense of how to use this framework to advance knowledge in various fields. Exercises are excelent. I will use the book to teach a class for a group of graduate students that are not familiar with CGEs.
7 of 7 people found the following review helpful.
Great Intro Book on CGE
By CGEr
This is one of the best introductory books on CGE modeling. I loved Hosoe's step-by-step approach to intro to CGE modeling, but Burfisher does an even better job, describing the economic theories behind it! The book also comes with hands-on GTAP practice sections. Anyone new to CGE modeling, with little microeconomic knowledge would find Burfinsher's book so enlightening!!!
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