computable general equilibrium

Definitions

Economics

  • Refers to economic models of microeconomic behavior in multiple markets of one or more economies, solved computationally for equilibrium values or changes due to specified policies. The equations are anchored with data from the countries being modeled, while behavioral parameters are either assumed or adapted from estimates elsewhere.
  • acronymCGE
    (written as Computable general equilibrium)
  • computable general equilibrium.
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