Solution software for computable general equilibrium modeling

Jonathan Mark Horridge, Alex Meeraus, Kenneth Robert Pearson, Thomas F Rutherford

    Research output: Chapter in Book/Report/Conference proceedingChapter (Book)Researchpeer-review

    13 Citations (Scopus)

    Abstract

    We describe the progress of computable general equilibrium (CGE) modeling software since the 1980s and contrast the main systems used today: GAMS, MPSGE and GEMPACK. The development of these general-purpose modeling systems has underpinned rapid growth in the use of CGE models, and allowed models to be shared and their results replicated. We show how a very simple model may be implemented and solved in all three systems. We note that they produce the same numerical results but have different strengths. We conclude by considering some challenges for the future.
    Original languageEnglish
    Title of host publicationHandbook of Computable General Equilibrium Modeling: Volume 1B
    EditorsPeter B Dixon, Dale W Jorgenson
    Place of PublicationKidlington Oxford UK
    PublisherNorth-Holland
    Pages1331 - 1381
    Number of pages51
    Edition1st
    ISBN (Print)9780444595560
    DOIs
    Publication statusPublished - 2013

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