Kiel Working Papers, Kiel Institute for World Economics
No 1230:
GEM-PIA: A Real-Financial General Equilibrium Model for Poverty Impact Analysis ; Technical Description
Manfred Wiebelt
Abstract: This paper provides a technical description of GEM-PIA, a
recursive-dynamic computable General Equilibrium Model for Poverty Impact
Analysis in individual countries. The model combines the optimizing
behavior of CGE models with the asset portfolio behavior of macromodels,
thereby addressing the role of financial markets. Moreover, the model is
linked to household survey information, thereby capturing the
socio-economic characteristics of individual households. GEM-PIA can be
used for counterfactual analysis of external shocks as well as various
policies at the macro and meso level, and to assess their allocational and
distributional consequences. The model is calibrated to Bolivian data and
its working is illustrated in two scenarios: A permanent rise of gas
exports and a temporary devaluation.
Keywords: Computable General Equilibrium Model, Portfolio Choice, Income Distribution, Poverty, Bolivia; (follow links to similar papers)
JEL-Codes: C68,; G11,; O1,; R23; (follow links to similar papers)
84 pages, October 2004
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