Economic models for policy making : principles and designs revisited / by S.I. Cohen.

Format:

Book

Author/Creator:

Cohen, S. I., author.

Series:

Routledge Frontiers of Political Economy

Routledge frontiers of political economy ; 161

Language:

English

Subjects (All):

Economic policy.

Developing countries--Economic policy.

Developing countries.

Physical Description:

1 online resource (418 p.)

Edition:

1st ed.

Place of Publication:

London ; New York : Routledge, 2013.

Language Note:

English

Summary:

Over the past decades, many different kinds of models have been developed that have been of use to policy makers, but until now the different approaches have not been brought together with a view to enhancing the systematic unification and evaluation of these models. This new volume aims to fill this gap by bringing together four decades' worth of work by S. I. Cohen on economic modelling for policy making. Work on older models has been rewritten and brought fully up to date, and these older models have therefore been brought back to the fore, both to assess how they influenced more recent

Contents:

Front Cover; Economic Models for Policy Making; Copyright Page; Contents; List of figures; List of tables; Preface; 1. Introduction; 1. Focus on economic models for exploring policies; 2. Outline: method and content; 3. Economy-wide policy models; 4. Partial models; 5. Concluding remarks; 2. Some essentials in economy-wide policy models; 1. Introduction; 2. CEM models: focus on market clearance via quantities; 3. CGE models: focus on market clearance via prices; 4. SAM models: relationship to the CEM and CGE models; 5. Review table and concluding remarks

3. Socio-political regimes and economic development: exploratory models on agrarian reform in India and Chile1. Introduction; 2. Main features of the model; 3. The modelling framework; 4. Selected results from application to India; 5. Application to Chile; 6. Concluding remarks; 4. Social economic development goals in economy-wide policy models: an application to Korea; 1. Background; 2. A unifying approach towards social economic development goals; 3. Specification of the model; 4. Application; 5. Analytical versus policy uses: breakdown of policy making; 6. Concluding remarks

5. Growth and distribution in SAM models: various applications1. Introduction; 2. Tabulation and construction of the social accounting matrix; 3. The SAM as an economy-wide model; 4. Output and income SAM multipliers: results for ten countries; 5. Decomposition of SAM multipliers into transfer, open-, and closed-loop effects; 6. Identification of gainers and losers in SAM multipliers; 7. Strategic choices for growth with redistribution; 8. Discussion of scope and limitations; 6. Simplified statics and dynamics in the CGE model: parameterisation and simulations for Indonesia; 1. Background

2. The static CGE model3. Parameterisation of the CGE model; 4. Static policy simulations; 5. The dynamic model; 6. Dynamic policy simulations; 7. Concluding remarks; 7. Growth with redistribution through liberalisation with restructuring: a CGE policy model of Nepal; 1. Introduction; 2. Key features; 3. Model specification; 4. Application and policy simulations; 5. The dynamic model with a restructured economy; 6. Concluding remarks; 8. Sustained development of land resources: a policy model for Sudan; 1. Introduction; 2. The model; 3. Estimation and baseline forecasts

4. Policy simulations: benefits and costs5. Concluding remarks; 9. Simulation results of SAM models for transiting economies: Russiafalls and China rises; 1. Comparative analysis of economic systems; 2 Salient differences in economic performance: Russia and China; 3. The SAMS of Russia and China; 4. SAM multipliers in Russia and China; 5. Gainers and losers in Russia and China; 6. Summary and conclusion; 10. Transiting from fixed- to flexible-price regimes: SAM-CGE models of Poland and Hungary; 1. Introduction; 2. The fixed-price SAM model; 3. The flexible-price CGE model

4. Results of applied policy simulations to Poland

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

Description based on metadata supplied by the publisher and other sources.

ISBN:

0-203-09701-7

1-283-87175-0

1-136-22088-7

9780203097014

OCLC:

822025290