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Advanced Dynamic Computable General Equilibrium Models

VENUE: Mombasa, Kenya

Overview

This course is intended to equip professionals with advanced skills in dynamic Computable General Equilibrium modelling. The course targets professionals in policy and academic research within government, research institutions and universities. Economy-wide models like CGE are key in addressing what if questions in their policy analysis. For example, questions like what happens if government changes tax rates, or investments in productivity enhancing ventures. Also other questions can include plausible policy responses to exogenous shocks such  as pandemics, financial crisis, commodity price changes etc. To apply for this course please send an email to training@emida.org.

Course objective: 

The course will introduce all the basic tools for constructing and implementing large-scale applied general equilibrium models for policy analysis. By the end of the course the participants will have acquired detailed knowledge of and extensive hands-on experience in:

  • the structure of open economy general equilibrium models,
  • building the database for such models,
  • building social accounting matrices,
  • calibrating a CGE model,
  • formulating a CGE model as a non linear programming problem,
  • formulating a CGE model as a mixed complementarity problem,
  • implementing the model on the computer using the GAMS software,
  • using the solvers CONOPT, MINOS, PATH, and PATHNLP,
  • modeling the labor market,
  • formulating scenarios and running policy simulations,
  • reporting and interpreting the results,
  • linking GAMS and Excel for reading and reporting data

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Course Content

Session/Day Lecture Topic Lab session
Module 1 Building a macro and detailed Social Accounting Matrix Exercises on simple Social Accounting Matrices

Exercises on advanced Social Accounting Matri
Module 2 Introduction to GAMS Learning GAMS using the Transportation problem and simple partial equilibrium models
Module 3 Warlsian model
-Building Walrasian CGE model in GAMS.
– Extending the Walrasian model to include intermediate demand
– Adding the saving-investment into the CGE model		 Developing a simple Walsiam CGE model using GAMS
Module 4 Adding the factor markets to the CGE model
-Adding the government sector to the CGE model
-Adding the foreign sector to the CGE model		 Developing factor, government and foreign sector into simple Warlsian model using GAMS
Module 5 Advanced Computable General Equilibrium Models
-Recursive Dynamic General Equilibrium Modelling for Planning
-Tax and trade policy modelling
-Social sector modelling for SDGs (Education, Health, etc)
-Modelling Poverty and Inequality using CGE models-		 Developing recursive CGE model

Policy simulations using dynamic CGE model

Policy simulations for social sectors

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