A recursive dynamic CGE model and microsimulation poverty module for South Africa
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International Food Policy Research Institute
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Computable general equilibrium (CGE) models are widely used for policy-analysis in many countries. In the past a number of CGE models have been developed for South Africa, and used to assess a broad range of policy issues. However, the perceived complexity of this analytical approach, and the concentration of capacity within a small number of academic or related institutions, have generally led policy-makers, analysts and other researchers to avoid directly using CGE models in their analysis or decision-making. Since CGE modelling provides both an economy-wide assessment of policies and a framework in which the workings of policies can be more easily understood, it is the objective of this paper to present a core South African model that reduces the initial cost of undertaking CGE analysis. The core model can then be adapted according to the interests of individual researchers or policy-makers. Furthermore, since the strength of the model is dependent on its ability to reflect the specific structure and workings of the South African economy, it is hoped that the core model will be developed further as more supporting evidence and research becomes available.
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computable general equilibrium models, modelling