Regional Adjustment to Globalization: A CGE Analytical Framework

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During the past decade or so regional modelers have been developing a new range of economic modeling tools with a capacity to analyze the causes and consequences of the current period of globalization. In this chapter, we examine some developments in multiregional computable general equilibrium (CGE) models that have enhanced their capacity to deal with economic globalization issues.1

CGE models are sometimes known as AGE (applied general equilibrium) models.