Computable General Equilibrium

Computable general equilibrium (CGE) models are a class of economic models that use actual economic data to estimate how an economy might react to changes in policy, technology or other external factors. CGE models are also referred to as AGE (applied general equilibrium) models.

Read more about Computable General Equilibrium:  Overview, Comparative-static and Dynamic CGE Models, Solution Techniques

Famous quotes containing the words general and/or equilibrium:

    That sort of half sigh, which, accompanied by two or three slight nods of the head, is pity’s small change in general society.
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    They who feel cannot keep their minds in the equilibrium of a pair of scales: fear and hope have no equiponderant weights.
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