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WORKSHOP Introduction to Computable General Equilibrium (CGE) ModellingAPPLICATION FORM wish to apply to participate in the TIPS workshop on an introduction to CGE Modelling to be held in Pretoria,
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Start by defining the economic agents and sectors involved in the model. This includes households, firms, government, and international sectors.
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Specify the behavioral equations and decision rules for each agent and sector. These equations describe how agents make decisions based on the given economic conditions.
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Computable general equilibrium (CGE) models are quantitative economic models that represent an economy using systems of equations to describe how different sectors and agents interact, taking into account market dynamics and resource constraints.
Typically, institutions engaged in large-scale economic analysis, policy assessment, or research require the use of CGE models. This may include government agencies, research institutions, and academic entities.
Filling out CGE models involves specifying the model's structure, input data, assumptions, and parameters relevant to the economy being analyzed. It requires knowledge of economic theory, data gathering, and possibly using software to run the simulations.
The purpose of CGE models is to analyze the economic impacts of policy changes, external shocks, or structural changes by simulating how these factors affect production, consumption, and trade within an economy.
Reported information typically includes assumptions made in the model, data sources, parameters used, results of the simulations, and any policy analyses conducted using the model.
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