We use a computable general equilibrium model in an explanation of the recent rapid growth in Australia's trade, particularly intra-industry trade. Relative to previous studies of trade growth based on multiple regression analysis, our approach allows us to: (i) work at a detailed industry...

This paper describes historical and decomposition simulations undertaken for 1992-98 with a 500-sector computable general equilibrium model of the US. The historical simulation provides estimates of movements in unobservable technology and preference variables. The decomposition simulation...

This chapter describes computable general equilibrium (CGE) modeling and the history of its development. The chapter illustrates the computation of solutions for CGE models and reviews its achievements, failures, and potential. The model illustrated in the chapter can be used in two ways: as a...

Validity is a key issue for consumers of computable general equilibrium (CGE) modeling services. What assurance can producers of CGE results give to consumers that a CGE analysis: (i) is computationally sound, (ii) uses accurate up-to-date data, (iii) adequately captures behavioral and...

MONASH models are descended from Johansen's 1960 model of Norway. The first MONASH model was ORANI, used in Australia's tariff debate of the 1970s. Johansen's influence combined with institutional arrangements in their development gave MONASH models distinctive characteristics, facilitating a...