Christian Keuschnigg, Wilhelm Kohler,
"Modeling Intertemporal General Equilibrium: An Application to Austrian Commercial Policy"
, in Empirical Economics, Vol. 19, Seite(n) 131-164, 1994, ISSN: 1435-8921, In: Empirical Economics, 1994, vol. 19, 131-164
Original Titel:
Modeling Intertemporal General Equilibrium: An Application to Austrian Commercial Policy
Sprache des Titels:
Englisch
Englische Kurzfassung:
We present a multi-sector CGE model featuring forward looking investment and savings behavior within an intertemporal optimization framework. Thus, the model captures several of the intertemporal effects of commercial policy that have been stressed by recent literature on current account adjustment. We argue that pursuing a simulation approach in addressing these issues is warranted by certain limitations and ambiguities of the analytical literature. In addition to presenting the details of the model structure, the paper addresses calibration issues relating to intertemporal parameters. The model is calibrated to a microconssistent data set for the Austrian economy. Finally, the paper features an application of the model to a simple tariff liberalization scenario.
Journal:
Empirical Economics
Volume:
19
Seitenreferenz:
131-164
Erscheinungsjahr:
1994
Notiz zum Zitat:
In: Empirical Economics, 1994, vol. 19, 131-164
ISSN:
1435-8921
Publikationstyp:
Aufsatz / Paper in sonstiger referierter Fachzeitschrift
Forschungs-