The Impact of the U.S.-China Trade Dispute on the Korean Agricultural Market Using Computational General Equilibrium Model

2020 ◽  
Vol 47 (1) ◽  
pp. 89-109
Author(s):  
Byung Min Soon ◽  
Hanpil Moon ◽  
Suhwan Lee
Keyword(s):  
General Equilibrium ◽  
Equilibrium Model ◽  
General Equilibrium Model ◽  
Agricultural Market ◽  
Trade Dispute ◽  
China Trade ◽  
Computational General Equilibrium ◽  
The Impact ◽  
The U.S

scholarly journals How Does the Supplemental Nutrition Assistance Program Affect the U.S. Economy?

2015 ◽  
Vol 44 (3) ◽  
pp. 233-252 ◽  
Author(s):  
Jeffrey J. Reimer ◽  
Senal Weerasooriya ◽  
Tyler T. West
Keyword(s):  
General Equilibrium ◽  
National Economy ◽  
Equilibrium Model ◽  
Supplemental Nutrition Assistance Program ◽  
Disposable Income ◽  
Supplemental Nutrition ◽  
Assistance Program ◽  
Nutrition Assistance ◽  
The Impact ◽  
The U.S

The impact of the Supplemental Nutrition Assistance Program (SNAP) on the national economy is examined using a general equilibrium model and comparing measures of the economy from 2010 to a simulation of that economy without SNAP. Without the SNAP program, the overall size of the economy hardly differs—demand for labor increases slightly. However, households that would be eligible for SNAP experience a net loss. They have 5.5 percent less disposable income while ineligible households have approximately 1 percent more income without SNAP, and output of products eligible for purchase with SNAP funds declines approximately one billion dollars.

scholarly journals Analytical General Equilibrium Effects of Energy Policy on Output and Factor Prices

2011 ◽  
Vol 10 (2) ◽  
Author(s):  
Don Fullerton ◽  
Garth Heutel
Keyword(s):  
Carbon Dioxide ◽  
Sensitivity Analysis ◽  
General Equilibrium ◽  
Energy Policy ◽  
Equilibrium Model ◽  
General Equilibrium Model ◽  
Annual Income ◽  
Annual Consumption ◽  
Parameter Values ◽  
The U.S

Abstract Using an analytical general equilibrium model, we find solutions for the effect of energy policy on factor prices as well as output prices. We calibrate the model to the U.S. economy, and we consider a tax on carbon dioxide. By looking at expenditure and income patterns across household groups, we quantify the uses-side and sources-side incidence of the tax. When households are categorized either by annual income or by total annual consumption as a proxy for permanent income, the uses-side incidence is regressive. This result is robust to sensitivity analysis over various parameter values. The sources-side incidence can be progressive, U-shaped, or regressive. Results on the sources side are sensitive to parameter values.

scholarly journals Modelling the impact of external shocks on economy of Ukraine: DSGE approach

Ekonomika ◽  
2016 ◽  
Vol 95 (1) ◽  
pp. 64-83
Author(s):  
Olena Bazhenova ◽  
Yuliya Bazhenova
Keyword(s):  
General Equilibrium ◽  
Equilibrium Model ◽  
Adjustment Costs ◽  
Dynamic Stochastic General Equilibrium ◽  
General Equilibrium Model ◽  
External Shocks ◽  
The World ◽  
Dynamic Stochastic ◽  
Positive Shock ◽  
The Impact

The paper explores the dynamic stochastic general equilibrium model to study the impact of external shocks on the economy of Ukraine. The dynamic stochastic general equilibrium model is constructed for a small open economy that includes households, firms (domestic manufacturers and importers), government, the National Bank and external sector. The model assumes the new-Keynesian approach that includes the so-called “rigidities” of prices and wages, the existence of the households’ consumption habits and investments with adjustment costs. Also, it takes into account the country’s significant dependence on mineral products imports. All goods in the economy are divided into the domestic ones (that are exported and consumed in the country), imports and mineral products. So the purpose of the model is to study the impact of external shocks on the economy of Ukraine, such as a positive shock in world output, a positive shock in the world aggregate demand, a positive shock in the world interest rate, and a positive shock in world prices.

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