Applied General Equilibrium Modelling ANNARES, STAGE and R23 Models

© Scott McDonald

Recursive Dynamic CGE Modelling Course


License: Creative Commons BY-NC-ND. (https://creativecommons.org/licenses/by-nc-nd/4.0/ )


If you have not completed the Single Country CGE or Global CGE model course offered by cgemod, you should not try to take this course.


If you do not have appreciable experience with comparative static CGE applications you should delay taking this course.


The course consists of two parts: two (2) common modules and then a Single Country Stream (3 modules) and/or a Global Stream (3 modules). Much of the theory behind the Single Country and Global Streams is common, but differences between single country and global models means there are differences in emphasis.


  1. Common modules: the basics aof recursive dynamics and factor accumulation (use smod_t.gms)
  2. Recursive Dynamic CGE Models: Single Country (stg_t) or Global (anar_t)
  3. Extensions to Recursive Dynamic CGE Models: Single Country (stg_t) or Global (anar_t)
  4. Course Project (Single country or Global)


This is an advanced course designed to meet the requirements of participants who have well developed technical and analytical skills as ‘users’ of CGE models for applied studies and/or modellers. It assumes in-depth knowledge of STAGE_t and/or ANARRES_t. Recursive dynamic models depend on the data used to produce and calibrate the ‘reference’ scenario; verifying the calibration of the ‘reference’ scenario is critical. Moreover, the interpretation of results from recursive dynamic applications is orders of magnitude more difficult than for comparative static applications.


In essence recursive dynamic CGE models are series of comparative static CGE models linked by update phases where selected model parameters, e.g., endowments, technologies, etc.,  change. The behaviours in the ‘update’ phases should be derived from economic theories of growth and production; most known recursive dynamic applications have limited groundings in economic theory.


The first two modules use the smod_t model, which is complex enough and simple enough to cover the core theories. The next two modules, in each stream, extend the method to a Single country model (stg_t) and a global model (anar_t). The final module in each stream is a project.


It is estimated that the course requires between 150 and 250 hours of study and practice.


If you have problems with accessing course materials., e.g., links to mp4 files, contact scott@cgemod.org.uk.


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Modules


Full Course Details


Common Modules


Module D1


Module D2


Single Country Stream


Modules SD3


Module SD4


Module SD5


Global Stream


Module GD3


Module GD4


Module GD5