This paper provides a recent summary of the literature on Computable General Equilibrium (CGE) trade models used to analyze the effects of trade policy changes. After a discussion of the advantages and limitations of CGE models, I address their typical structure and show how the model operates. Finally, I present a review of the impact of different trade liberalization scenarios in the case of a small open economy; Egypt.
| Published in | Journal of World Economic Research (Volume 2, Issue 1) |
| DOI | 10.11648/j.jwer.20130201.12 |
| Page(s) | 9-19 |
| Creative Commons |
This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited. |
| Copyright |
Copyright © The Author(s), 2013. Published by Science Publishing Group |
CGE, trade models, Egypt
| [1] | Armington, Paul S. 1969. A theory of demand for products distinguished by place of production. International Monetary Fund Staff Papers 16 (March): pp. 159–78. |
| [2] | Arrow, K.J. and Debreu, G. 1954. Existence of an equilibrium for a competitive economy. Econometrica 22, (July), pp.: 265-290. |
| [3] | Bohringer, Christoph, Thomas Rutherford, and Wolfgang Wiegard. 2003. Computable general equilibrium analysis: Opening a black box. Discussion Paper no.03-56. Center for European Economic Research. |
| [4] | Borges, Antonio. 1986. Applied general equilibrium models: An assessment of their usefulness for policy analysis. OECD Economic Studies 7, pp.: 7-43. |
| [5] | Bouet, Antoine. 2008. The expected benefits of trade liberalization for world income and development: Opening the black box of global trade modeling. IFPRI Food Policy Review 8. International Food Policy Research Institute, Washington, D.C. |
| [6] | Deardorff, Alan V. and Robert M. Stern. 1986. The Michigan model of world production and trade: Theory and applications. Cambridge: MIT Press. |
| [7] | Dervis, K., J. De Melo and Sherman Robinson. 1982. General equilibrium models for development policy. Washington, D. C.: The World Bank. |
| [8] | El-Agraa, Ali. 1989. The theory and measurement of international economic integration, The Macmilan Press Ltd., Hong Kong. |
| [9] | Francois Joseph F. and Kenneth A. Reinert. 1997. Applied methods for trade policy analysis – A handbook. Cambridge University Press, United Kingdom. |
| [10] | Hansen, T. and H. Scarf. 1973. The computation of economic equilibria. Cowles Foundation Monograph No. 24, New Haven: Yale University Press. |
| [11] | Helmy, Omneia. 2005. The impact of trade liberalization on government revenues in Egypt. ECES Working Paper no.101. Cairo, Egypt: Egyptian Center for Economic Studies. |
| [12] | Hertel, Thomas. 1997. Global trade analysis: Modeling and applications. Cambridge: Cambridge University Press.Hoekman, Bernard, Denise Eby Konan, and Keith Maskus. 1998. An Egypt-US free trade agreement: Economic incentives and effects. World Bank Working Paper no.98-02. |
| [13] | Hoekman, Bernard, and Denise Eby Konan. 1998. Deep integration, nondiscrimination, and Euro-Mediterranean free trade. Paper Presented at the conference Regionalism in Europe: bGeometries and Strategies After 2000, Bonn November 6-8, 1998 |
| [14] | Hoekman, Bernard and Denise Eby Konan. 2005. Economic Implications of an Egypt – US FTA. in Robert Lawrence and Ahmed Galal, Anchoring Reform with a US-Egypt Free Trade Agreement, Washington: Institute for International Economics Press. |
| [15] | Johansen, L. 1960. A multi-sectoral study of economic growth. Amsterdam: North-Holland. |
| [16] | Kehoe, Patrick, and Timothy Kehoe. 1994. A primer on static applied general equilibrium models. Federal Reserve Bank of Minneapolis Quarterly Review 18 (1). |
| [17] | Konan, Denise Eby and Keith E. Maskus. 1996. A computable general equilibrium analysis of Egyptian trade liberalization scenarios. Working Paper no.97-01. |
| [18] | Konan, Denise Eby and Keith E. Maskus. 1997. A computable general equilibrium analysis of Egyptian trade liberalization scenarios. in: Regional Partners, Global Markets: Limits and Possibilities of the Euro-Mediterranean Agreements. Ahmed Galal and Bernard Hoekman (eds.). London, Center for Economic Policy Research in Europe (CEPR) and Brookings Institute. |
| [19] | Konan, Denise Eby and Keith E. Maskus. 2000. Bilateral trade patterns and welfare: An Egypt-EU preferential trade agreement. Working Paper no.00-1. |
| [20] | Konan, Denise Eby and Keith E. Maskus. 2000. Joint trade liberalization and tax reform in a small open economy: The case of Egypt. Journal of Development Economics 61 (2), pp.:365-392. |
| [21] | Konan, Denise Eby, and Karl E. Kim. 2004. Beyond border barriers: The liberalization of services trade in Egypt and Tunisia. The World Economy 27 (9): pp.1429-1447. |
| [22] | Konan, Denise Eby. 2003. Alternative paths to prosperity: Trade liberalization in Egypt and Tunisia. in Ahmed Galal and Bernard Hoekman, editors, Arab Economic Integration: Between Hope and Reality, Brookings Institute. |
| [23] | Leontief, W. 1941. The structure of the American economy, 1919-1939. Oxford: Oxford University Press. |
| [24] | Lofgren, Hans, Rebecca Lee Harris, and Sherman Robinson. 2002. A standard computable general equilibrium model in GAMS. IFPRI Microcomputer sin Policy Research no.5. Washington, D.C.: International Food Policy Research Institute. |
| [25] | Maskus, Keith E., and Denise Eby konan. 1997. Trade liberalization in Egypt. Review of Development Economics 1 (3), pp.: 275-293. |
| [26] | Parlow, Anton. 2009. Does trade promote peace? A new window in economics. Department of Economics, University of Wisconsin-Milwaukee. |
| [27] | Petersen, T. Ward. 1997. An introduction to CGE-Modeling and an illustrative application to Eastern European Integration with the EU. Institute of Economics, University of Copenhagen. |
| [28] | Piermartini, Roberta and Robert Teh. 2005. Demystifying modeling methods for trade policy. WTO Discussion Paperno.10. Geneva: World Trade Organization. |
| [29] | Schiff, Maurice, and L. Alan Winters. 2003. Regional integration as politics. Chapter 7 in Regional Integration and Development, edited by Maurice Schiff and Alan Winters. Oxford University Shoven, J. and J. Whalley. 1984. Applied general equilibrium models for taxation and international trade: An introduction and survey. Journal of Economic Literature 22 (3): pp.1007-1052. |
| [30] | Smith, A. 1776. An inquiry into the nature and causes of the wealth of nations. London: W. Strahan & T. Cadell. |
| [31] | Wing, Ian Sue. 2004. Computable general equilibrium models and their use in economy wide policy analysis. Technical note no.6. MIT Joint Program on the Science and Policy of Global Change. |
| [32] | World Bank. 2000. Trade blocs. World Bank Policy Research Report. New York: Oxford University Press. |
APA Style
Amr Sadek Hosny. (2013). Survey of Recent Literature on CGE Trade Models: With Special Reference to the Case of Egypt. Journal of World Economic Research, 2(1), 9-19. https://doi.org/10.11648/j.jwer.20130201.12
ACS Style
Amr Sadek Hosny. Survey of Recent Literature on CGE Trade Models: With Special Reference to the Case of Egypt. J. World Econ. Res. 2013, 2(1), 9-19. doi: 10.11648/j.jwer.20130201.12
AMA Style
Amr Sadek Hosny. Survey of Recent Literature on CGE Trade Models: With Special Reference to the Case of Egypt. J World Econ Res. 2013;2(1):9-19. doi: 10.11648/j.jwer.20130201.12
@article{10.11648/j.jwer.20130201.12,
author = {Amr Sadek Hosny},
title = {Survey of Recent Literature on CGE Trade Models: With Special Reference to the Case of Egypt},
journal = {Journal of World Economic Research},
volume = {2},
number = {1},
pages = {9-19},
doi = {10.11648/j.jwer.20130201.12},
url = {https://doi.org/10.11648/j.jwer.20130201.12},
eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jwer.20130201.12},
abstract = {This paper provides a recent summary of the literature on Computable General Equilibrium (CGE) trade models used to analyze the effects of trade policy changes. After a discussion of the advantages and limitations of CGE models, I address their typical structure and show how the model operates. Finally, I present a review of the impact of different trade liberalization scenarios in the case of a small open economy; Egypt.},
year = {2013}
}
TY - JOUR T1 - Survey of Recent Literature on CGE Trade Models: With Special Reference to the Case of Egypt AU - Amr Sadek Hosny Y1 - 2013/02/20 PY - 2013 N1 - https://doi.org/10.11648/j.jwer.20130201.12 DO - 10.11648/j.jwer.20130201.12 T2 - Journal of World Economic Research JF - Journal of World Economic Research JO - Journal of World Economic Research SP - 9 EP - 19 PB - Science Publishing Group SN - 2328-7748 UR - https://doi.org/10.11648/j.jwer.20130201.12 AB - This paper provides a recent summary of the literature on Computable General Equilibrium (CGE) trade models used to analyze the effects of trade policy changes. After a discussion of the advantages and limitations of CGE models, I address their typical structure and show how the model operates. Finally, I present a review of the impact of different trade liberalization scenarios in the case of a small open economy; Egypt. VL - 2 IS - 1 ER -