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A Virtual Dynamic Applied General Equilibrium Model Of Africa: Specifications And Simulations

Author

Listed:
  • GODWIN CHUKWUDUM NWAOBI
Abstract
AFRICAN ECONOMIC PERFORMANCE HAS BEEN MARKEDLY WORSE THAN THAT OF OTHER REGIONS. THUS, THE GOVERNMENTS OF AFRICAN COUNTRIES HAVE ASSUMED MAJOR RESPONSIBILITIES FOR ECONOMIC REFORMS AND GROWTH. ALONG WITH THESE RESPONSIBILITIES HAS COME AN INCREASED AWARENESS OF THE INTERRELATEDNESS OF DIFFERENT SECTORS OF A NATIONAL ECONOMY AND THAT OF THE NEED FOR COORDINATION OF POLICIES THAT HAD PREVIOUSLY BEEN DEBATED IN TERMS OF THEIR DIRECT IMPACTS ON INDIVIDUAL SECTORS. THEREFORE THIS RESEARCH PAPER PROPOSES A MULTI-REGIONAL DYNAMIC APPLIED GENERAL EQUILIBRIUM FRAMEWORK WITHIN WHICH TO STUDY A VERY WIDE RANGE OF ECONOMIC PROBLEMS THAT HAVE ALWAYS BEEN PRESENTED IN ISOLATION FROM ONE ANOTHER. AS A RESEARCH OUTPUT, A PROTOTYPE VIRTUAL ECONOMY MODEL OF AFRICA IS DEMONSTRATED.

Suggested Citation

  • Godwin Chukwudum Nwaobi, 2003. "A Virtual Dynamic Applied General Equilibrium Model Of Africa: Specifications And Simulations," Computational Economics 0312004, University Library of Munich, Germany.
    • Handle: RePEc:wpa:wuwpco:0312004
    Note: Type of Document - pdf; prepared on win98; to print on hp;
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    File URL: https://econwpa.ub.uni-muenchen.de/econ-wp/comp/papers/0312/0312004.pdf
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    More about this item

    Keywords

    AFRICAN ECONOMY; MULTI-REGIONAL; DYNAMIC APPLIED GENERAL EQUILIBRIUM; VIRTUAL ECONOMY; SIMULATIONS;
    All these keywords.

    JEL classification:

    • C63 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computational Techniques
    • C67 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Input-Output Models
    • C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models
    • D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models

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