scholarly journals Untitled Land, Occupational Choice, and Agricultural Productivity

2017 ◽  
Vol 9 (4) ◽  
pp. 91-121 ◽  
Author(s):  
Chaoran Chen
Keyword(s):  
General Equilibrium ◽  
Equilibrium Model ◽  
Occupational Choice ◽  
Agricultural Productivity ◽  
General Equilibrium Model ◽  
Poor Countries ◽  
Land Titling ◽  
The Impact

The prevalence of untitled land in poor countries helps explain the international agricultural productivity differences. Since untitled land cannot be traded across farmers, it creates land misallocation and distorts individuals' occupational choice between farming and working outside agriculture. I build a two-sector general equilibrium model to quantify the impact of untitled land. I find that economies with higher percentages of untitled land would have lower agricultural productivity; land titling can increase agricultural productivity by up to 82.5 percent. About 42 percent of this gain is due to eliminating land misallocation, and the remaining is due to eliminating distortions in individuals' occupational choice. (JEL J24, J43, O13, P14, Q12, Q15, Q24)

scholarly journals Modelling the impact of external shocks on economy of Ukraine: DSGE approach

Ekonomika ◽  
2016 ◽  
Vol 95 (1) ◽  
pp. 64-83
Author(s):  
Olena Bazhenova ◽  
Yuliya Bazhenova
Keyword(s):  
General Equilibrium ◽  
Equilibrium Model ◽  
Adjustment Costs ◽  
Dynamic Stochastic General Equilibrium ◽  
General Equilibrium Model ◽  
External Shocks ◽  
The World ◽  
Dynamic Stochastic ◽  
Positive Shock ◽  
The Impact

The paper explores the dynamic stochastic general equilibrium model to study the impact of external shocks on the economy of Ukraine. The dynamic stochastic general equilibrium model is constructed for a small open economy that includes households, firms (domestic manufacturers and importers), government, the National Bank and external sector. The model assumes the new-Keynesian approach that includes the so-called “rigidities” of prices and wages, the existence of the households’ consumption habits and investments with adjustment costs. Also, it takes into account the country’s significant dependence on mineral products imports. All goods in the economy are divided into the domestic ones (that are exported and consumed in the country), imports and mineral products. So the purpose of the model is to study the impact of external shocks on the economy of Ukraine, such as a positive shock in world output, a positive shock in the world aggregate demand, a positive shock in the world interest rate, and a positive shock in world prices.

scholarly journals The impact of aging on urban housing demand based on CGE

Filomat ◽  
2016 ◽  
Vol 30 (15) ◽  
pp. 4151-4171
Author(s):  
Zhu Linlin ◽  
Li Xiuting ◽  
Dong Jichang
Keyword(s):  
General Equilibrium ◽  
Housing Market ◽  
Equilibrium Model ◽  
Urban Housing ◽  
Housing Demand ◽  
General Equilibrium Model ◽  
Overlapping Generation ◽  
Generation Structure ◽  
Change Trend ◽  
The Impact

The population of China has been aging quickly in recent years, which will profoundly affect the housing market. This paper aims to analyze the effect of aging on urban housing demand. First, a general equilibrium model with an overlapping generation structure is established to analyze theoretically the effect of aging. Then, this paper uses GAMS software to simulate and forecast the change trend in urban housing demand. Finally, based on the research sample of 287 large and medium-sized cities in China in 2010, this paper uses ArcGis9.3 software to study empirically the influence of aging on urban housing demand and concludes that aging can increase urban housing demand.

The Impact of Globalization in the Roman Empire, 200bc—ad100

2007 ◽  
Vol 67 (4) ◽  
pp. 1036-1061 ◽  
Author(s):  
Ryan M. Geraghty
Keyword(s):  
Roman Empire ◽  
General Equilibrium ◽  
Equilibrium Model ◽  
Market Integration ◽  
General Equilibrium Model ◽  
Market System ◽  
Italian Economy ◽  
Roman Economy ◽  
Novel Approach ◽  
The Impact

The article employs a general equilibrium model to describe Italy's response to commodity and factor market integration during the expansion of the Roman Empire. This novel approach constructs a comprehensive story of the Italian economy that corroborates established developments and sheds light on controversial and unanswered questions. The success of the model supports arguments that Romans were rational economic actors and that the Roman economy was a well-integrated market system.

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