(Scenario Analysis of the Impact of Reducing the Export Duty on Oil on the Russian Economy within the Framework of the General Equilibrium Model)

2017 ◽  
Author(s):  
Andrey V. Zubarev ◽  
Andrey Vladimirovitch Polbin
Ekonomika ◽  
2016 ◽  
Vol 95 (1) ◽  
pp. 64-83
Author(s):  
Olena Bazhenova ◽  
Yuliya Bazhenova

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.


Filomat ◽  
2016 ◽  
Vol 30 (15) ◽  
pp. 4151-4171
Author(s):  
Zhu Linlin ◽  
Li Xiuting ◽  
Dong Jichang

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.


2007 ◽  
Vol 67 (4) ◽  
pp. 1036-1061 ◽  
Author(s):  
Ryan M. Geraghty

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.


2015 ◽  
Vol 94 ◽  
pp. S197-S221 ◽  
Author(s):  
Andries Brandsma ◽  
d'Artis Kancs ◽  
Philippe Monfort ◽  
Alexandra Rillaers

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