Economics, Econometrics and Finance
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Governments Can Reshape Economies with Powerful Modeling Tool

Computable General Equilibrium Models in Economics: A Survey on Theoretical Foundations and Applications
Pekka Sinko

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CGE models are popular tools in economics for studying how policy changes affect the economy in the long run. They are used in areas like trade, fiscal policy, development, and environmental policies. This paper gives an overview of CGE models, their theoretical basis, key features, and main applications. The focus is on how these models can help research in public economics.