: Francisco J. André, M. Alejandro Cardenete, Carlos Romero
: Designing Public Policies An Approach Based on Multi-Criteria Analysis and Computable General Equilibrium Modeling
: Springer-Verlag
: 9783642121838
: 1
: CHF 47.30
:
: Volkswirtschaft
: English
: 180
: Wasserzeichen
: PC/MAC/eReader/Tablet
: PDF
This monograph provides a novel approach to the evaluation of economic policy by combining two different analytical strategies. On the one hand, the computable general equilibrium (CGE) analysis, a standard tool mostly used to quantify the impact of economic measures or changes in the structural data of the economy. On the other hand, the multiple criteria decision-making (MCDM) approach, an op- misation technique that deals with problems with more than one objective. Ty- cally, CGE is well suited for the analysis of the interactions of multiple agents from the point of view of a planner single objective. Combining this technique with the MCDM approach allows developing models in which we ?nd many interacting agents and a decision maker with several objectives. The contribution of this work is partly methodological and partly applied. It provides a framework for the analysis of this type of problems, as well as a series of applications in which the strength of the approach is made clear. The consideration of environmental problems, as a speci?c ?eld in which this technique of analysis can be used, is particularly well chosen. The environmental concern keeps growing steadily and has already become an issue in most of the standard economic decisions. It is therefore extremely important to ?nd systematic ways to introduce such a concern in the models with which we evaluate the impact of policy measures.
Designing Public Policies3
An Approach Based on Multi-Criteria Analysis and Computable General Equilibrium Modeling3
Foreword7
Preface9
Acknowledgements13
Contents15
Chapter 1: General Framework: Policy Making as a Problem with Multiple Criteria19
1.1 Introduction19
1.2 Methodological Proposal21
1.3 Elements of the Proposal and Structure of the Book23
References25
Chapter 2: Economic Policy Using Applied General Equilibrium Models: An Overview27
2.1 Introduction27
2.2 An Overview of General Equilibrium Modelling28
2.3 From General Equilibrium Theory to Applied General Equilibrium31
2.4 What Is an Applied General Equilibrium Model?32
2.5 Main Elements of an Applied General Equilibrium Model33
2.6 Parameter Specification37
2.6.1 Calibration Processes or Numeric Instrumentation37
2.6.2 Econometric Estimates39
2.7 Benchmark Equilibrium39
2.8 Main Applications of Applied General Equilibrium Models