Economics, Econometrics and Finance
6 years ago

Mongolia's Economic Transformation: Harnessing Mineral Wealth for Sustainable Prosperity

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Developing a recursive dynamic CGE model of the Mongolian economy : the ERI CGE model
Esmedekh Lkhanaajav, Munkh-Ireedui Bayarjargal, Vaanchig Ganshir

Paper Summary

The researchers developed a model to study Mongolia's economy and how it can benefit from its natural resources while improving the well-being of its people. They used a type of economic model called CGE to analyze different policies and predict the future of Mongolia's economy. The model they created focuses on factors like production and trade within the country.

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