By Francisco J. André
This ebook offers a methodological technique for the joint layout of monetary and environmental regulations. the start line is the statement that, in perform, coverage makers don't frequently have a well-defined target, yet they're mostly interested by a couple of fiscal and environmental signs that clash with one another. In view of this, coverage making is addressed by way of combining separate analytical ways: a number of standards determination making (MCDM) and computable basic equilibrium (CGE) modeling. the purpose is to come back up with a methodological framework for coverage layout that is either operational and in keeping with monetary idea. briefly, this e-book bargains a unified view of this novel process, paying precise awareness to the connections among financial and environmental pursuits. The methodological foundations are provided in addition to a few actual functions that illustrate the pragmatic worth of the theoretical proposal.
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Additional info for Designing Public Policies: An Approach Based on Multi-Criteria Analysis and Computable General Equilibrium Modeling
In: Mercenier T, Srinivasan TN (eds) Applied general equilibrium and economic development. University of Michigan Press, Ann Arbor Ginsburgh V, Waelbroeck J (1981) Activity analysis and general equilibrium modeling. North-Holland, Amsterdam Golden I, Knudsen O (eds) (1992) Modelling the effects of agricultural trade liberalization on developing countries. World Bank – OECD, Washington Gossen H (1854) Entwicklung der Gesetze des Menschlichen Verkehrs, Prager, Berlin (1927) Grandmont JM (1977) Temporary general equilibrium theory.
Authors such as Grandmont and Younes (1972) and Grandmont (1977) proved the existence of equilibrium in monetary models. In order to prove monetary equilibrium, a hypothesis, similar to previous assumptions for the same purpose of limiting price expectations, like Green’s conjecture (1973) was needed to prove the existence of a temporal equilibrium in non-monetary economies. The hypothesis was that, on a finite temporal horizon, the expected set of prices that resulted from all possible choices between current prices was assumed to be positive.
Total production Qj is the result of combining domestic production Xdj with imports, Mj, through a specific function usually conforming to Armington’s (1969) hypothesis to simplify the analysis. This hypothesis considers that the analyzed country or economy is small enough as not to have an influence on foreign trade. In Fig. 1, Leontief-type technology is assumed to be used at all the nesting levels. Even so, this general structure allows for different production functions at each level. Producers are assumed to maximize their profits and this maximization results in supply functions of each good.