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.”
—Charles Dickens (1812–1870)
“When a person hasn’t in him that which is higher and stronger than all external influences, it is enough for him to catch a good cold in order to lose his equilibrium and begin to see an owl in every bird, to hear a dog’s bark in every sound.”
—Anton Pavlovich Chekhov (1860–1904)