Computable General Equilibrium Models Revolutionize Policy Analysis, Transforming Economies Worldwide
This paper talks about Computable general equilibrium (CGE) models, which help analyze policies in various areas like trade, finance, agriculture, and energy. These models are mostly used in developed countries, but this paper aims to share their benefits with developing countries too. The researchers detail how to create these models and discuss the Social Accounting Matrix (SAM) that links model components together. They found that CGE models are essential for understanding and making policies that affect different sectors of society.