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Equilibrium Models in an Applied Framework

Industrial Structure and Transformation

  • Textbook
  • © 2013

Overview

Authors:
  1. Ronny Norén

    1. , Department of Social Sciences, Mid Sweden University, Östersund, Sweden

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  • Presents the whole range of applied equilibrium models (input-output, linear activity model, quadratic activity model, and the CGE model)
  • Presents a transformation model, i.e., endogenous disinvestment and investment
  • The CGE model presented is included in the GAMS model library. The GAMS distribution is available on internet without cost.
  • Includes supplementary material: sn.pub/extras

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Table of contents (8 chapters)

  1. Front Matter

    Pages i-xvi
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  2. The Input–Output Model: A Study of the Interindustry Structure

    • Ronny Norén
    Pages 1-8

  3. The Outlook of the Sovereign Planner: The Linear Activity Model

    • Ronny Norén
    Pages 9-20

  4. The Planner and the Market: The Takayama Judge Activity Model

    • Ronny Norén
    Pages 21-54

  5. A Market with Autonomous Economic Decision Makers: Features of the CGE Model

    • Ronny Norén
    Pages 55-71

  6. An Applied Model: The CGE Mini Model

    • Ronny Norén
    Pages 73-97

  7. A Suggested Model of Economic Transformation

    • Ronny Norén
    Pages 99-107

  8. Back to the CGE Mini Model

    • Ronny Norén
    Pages 109-117

  9. Globalisation and Intermediate Activity

    • Ronny Norén
    Pages 119-127

  10. Back Matter

    Pages 129-136
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Keywords

About this book

This book gives the historical development, explanations of technical specifications, and a basic understanding of how to use different equilibrium models in an applied framework. It contains an accessible analytical survey of economic equilibrium models, including multi-sector programming models (linear and quadratic) and the computable general equilibrium (CGE) model. The book introduces the importance of disinvestment, and hence, a model of economic transformation is developed. Finally, the globalisation process of the production system is examined. The equilibrium models in this book are presented in an easy way. Although the book is primarily written for advanced undergraduates and beginning graduates, the reading of the book will appeal to anyone interested in economic theory and applied modelling in the field of economics.  

Authors and Affiliations

  • , Department of Social Sciences, Mid Sweden University, Östersund, Sweden

    Ronny Norén

About the author

Ronny Norén is Associate Professor of Economics at Mid Sweden University, Sweden. He received his Ph.D in economics at Stockholm University in 1987.

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