Modeling for green growth: environmental policy in a dualistic peripheral economy

Date
2018
Advisor
Instructor
Source Title
Print ISSN
Electronic ISSN
Publisher
Academic Press
Volume
Issue
Pages
93 - 116
Language
English
Type
Book Chapter
Journal Title
Journal ISSN
Volume Title
Abstract

The chapter introduces the main components of the applied general equilibrium model to represent the dual structure of Turkey. It discusses the distinguishing features and its contribution to the modeling literature with its unique emphasis on duality, regionalization and social relevance. It further conceptualizes a Social Accounting Matrix for the Regionally Fragmented Dual Economy to accommodate Turkish macro-level data. Given the theoretical structure of the CGE model, the main data sources of the modeling paradigm are introduced and tabulated within the discipline of Walrasian general equilibrium. The unique contribution of the chapter is its accommodation of regional differentiation and of dualistic labor markets and preparation for the database in social accounting matrix format. This chapter purports to extend the traditional neoclassical (Walrasian) growth modeling based on one-sector depictions of the aggregate economy with a balanced growth path notion towards the steady state, and as such, we aim to contribute to the empirics of the traditional growth paradigm via questioning the long run equilibrium path way towards a balanced steady state.

Course
Other identifiers
Book Title
Macroeconomics of climate change in a dualistic economy: a regional general equilibrium analysis
Keywords
Computable general equilibrium, Green growth, Regionally fragmented dual economy, Social accounting matrix
Citation