Abstract
A Computable General Equilibrium (CGE) model that is relevant to policy makers requires a highly detailed, multi-dimensional database. Even a single-region model with many industries—100 is typical in policy-focused research—will require a database with several hundred thousand elements. The data is subject to many constraints: commodity and factor markets must clear and income, savings and expenditure must balance for every agent. It is therefore advisable that the data is arranged in a framework that clearly illustrates these requirements. A popular framework that meets these needs is the social accounting matrix (SAM) . This chapter describes an alternative framework, which readily fits in with the existing format of the standard input–output table.
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Dixon, J. (2017). Enhancing the Links Between Income Sources, User Expenditures and Taxes in a CGE Database. In: Wittwer, G. (eds) Multi-regional Dynamic General Equilibrium Modeling of the U.S. Economy. Advances in Applied General Equilibrium Modeling. Springer, Cham. https://doi.org/10.1007/978-3-319-58866-7_7
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DOI: https://doi.org/10.1007/978-3-319-58866-7_7
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