Sensitivity of computable general equilibrium models to macroeconomic closure rules: Evidence from the IFPRI standard mode

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dc.creatorLaborde Debucquet, David
dc.creatorTraoré, Fousseini
dc.date2017
dc.date2024-06-21T09:24:12Z
dc.date2024-06-21T09:24:12Z
dc.date.accessioned2026-06-27T15:29:32Z
dc.descriptionIn this paper, we study the sensitivity of computable general equilibrium (CGE) models to the choice of macroeconomic closure rule using the case of the standard IFPRI model for Nigeria and Tanzania. Two sets of simulations are performed: a 50 percent decrease in import taxes and a 10 percent increase in agricultural productivity. For each simulated scenario, we study around 10 closure rules related to the government, the rest of the world, the investment-savings equilibrium, and the factors market. We find that the model’s solutions are sensitive to the choice of the macroeconomic closure rule.
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dc.formatapplication/pdf
dc.identifierhttps://hdl.handle.net/10568/148264
dc.identifier.urihttp://hdl.handle.net/123456789/106026
dc.languageen
dc.languagefr
dc.publisherInternational Food Policy Research Institute
dc.sourceLaborde Debucquet, David; and Traoré, Fousseini. 2017. Sensitivity of Computable General Equilibrium Models to Macroeconomic Closure Rules: Evidence from the IFPRI Standard Model. AGRODEP Technical Note 15. Washington, DC: International Food Policy Research Institute. https://hdl.handle.net/10568/148264
dc.subjectmathematical models
dc.subjectmacroeconomics
dc.subjectcomputable general equilibrium models
dc.titleSensitivity of computable general equilibrium models to macroeconomic closure rules: Evidence from the IFPRI standard mode
dc.titleSensibilité des modèles d’équilibre général au mode de bouclage macroéconomique: illustration à l’aide du modèle standard de l’IFPRI
dc.typeWorking Paper

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Instituto Internacional de Investigación sobre Políticas Alimentarias (IFPRI)