Articles liés à Growth, Volume 1: Econometric General Equilibrium Modeling

Growth, Volume 1: Econometric General Equilibrium Modeling - Couverture rigide

Jorgenson, Dale W.

 
9780262100731: Growth, Volume 1: Econometric General Equilibrium Modeling
Couverture rigide
ISBN 10 : 0262100738 ISBN 13 : 9780262100731
Editeur : The MIT Press, 1998

Synopsis

Volume 1: Econometric General Equilibrium Modeling presents an econometric approach to general equilibrium modeling of the impact of economic policies. Earlier approaches were based on the "calibration" of general equilibrium models to a single data point. The obvious disadvantage of calibration is that it requires highly restrictive assumptions about technology and preferences, such as fixed input-output coefficients. These assumptions are contradicted by the massive evidence of energy conservation in response to higher world energy prices, beginning in 1973. The econometric approach to general equilibrium modeling successfully freed economic policy analysis from the straitjacket imposed by calibration.

As a consequence of changes in energy prices and new environmental policies, a wealth of historical experience has accumulated over the past two decades. Interpreted within the framework of the neoclassical theory of economic growth, this experience provides essential guidelines for future policy formation. Volume 2: Energy, the Environment, and Economic Growth presents a new econometric general equilibrium model of the United States that captures the dynamic mechanisms underlying growth trends and responses to energy and environmental policies. Jorgenson uses the model to analyze the impacts of environmental regulations on US economic growth and tax policies for controlling U.S. emissions of carbon dioxide.

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.

À propos de l'auteur

Dale W. Jorgenson is Samuel W. Morris University Professor of Economics at Harvard University.

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
The MIT Press
Date d'édition
1998
Langue
anglais
ISBN 10 
0262100738
ISBN 13 
9780262100731
Reliure
Relié
Numéro d'édition
1
Nombre de pages
478
Coordonnées du fabricant
non disponible
Personne responsable
Purmerul LTD
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