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What is Philippine Computable General Equilibrium Model about?
The document summarizes the Philippine Computable General Equilibrium Model (PCGEM). PCGEM is a medium-sized CGE model of the Philippine economy with 34 production sectors. It incorporates labor, capital, and variable capital as factor inputs and has 10 household groups. The model uses CES and CET functions to model imports and exports. PCGEM is a neoclassical CGE model that clears markets through price adjustments and assumes full employment. The model is static and calibrated using 1990 SAM and tariff dat
- Author
- James Matthew Miraflor
- Language
- EN