1300 36 33 32

The aim of this book is to make more widely available a body of recent research activity that has become known as applied general equilibrium analysis. The central idea underlying this work is to convert the Walrasian general equilibrium structure (formalized in the 1950s by Kenneth Arrow, Gerard Debreu and others) from an abstract representation of an economy into realistic models of actual economies. Numerical, empirically based general equilibrium models can then be used to evaluate concrete policy options by specifying production and demand parameters and incorporating data reflective of real economies. Shoven and Whalley describe all aspects of developing applied general equilibrium models, including developing an appropriate equilibrium structure, calibrating the model, compiling counterfactual equilibria, and interpreting results. The authors contend that the Walrasian general equilibrium model provides an ideal framework for appraising the effects of policy changes on resource allocation, assessing who gains and who loses, and the policy impacts not well covered by empirical macro models. The applications in the book illustrate a number of ways in which fresh insights are provided in longstanding policy controversies.

Buy Applying General Equilibrium book by John B. Shoven from Australia's Online Bookstore, Boomerang Books.

Book Details

ISBN: 9780521319867
ISBN-10: 0521319862
Format: Paperback
(228mm x 152mm x 18mm)
Pages: 312
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 29-May-1992
Country of Publication: United Kingdom

Other Editions

Reviews

» Have you read this book? We'd like to know what you think about it - write a review about Applying General Equilibrium book by John B. Shoven and you'll earn 50c in Boomerang Bucks loyalty dollars (you must be a member - it's free to sign up!)

Write Review


Books By Author John B. Shoven

Demography and the Economy by John B. Shoven

Demography and the Economy

Hardback, January 2011
$192.60
Applied General Equilibrium Analysis by John B. Shoven

Applied General Equilibrium Analysis

Paperback, August 2008
$103.50
Putting Our House in Order by John B. Shoven

Putting Our House in Order

Hardback, July 2008
$32.36