Gunter, B. G.Taylor, L.Yeldan, E.2016-02-082016-02-0820050950-6764http://hdl.handle.net/11693/24062CGE modelling has dominated analysis of the impact of external liberalisation on poverty. This article provides a structuralist critique of standard neo-classical CGE models. It highlights five sets of gaps and partial achievements in the modelling of issues affecting the poverty impact of macroeconomic policies: duality and structural rigidities; efficiency gains and quota rents; the investment and savings specification; the nature of public expenditures; and the modelling of financial fragility, risk premia and issues of credibility. It outlines a model that makes it possible to analyse more plausible stories about the impact of both current and capital account liberalisation and questions the realism of existing approaches to ex-ante poverty impact assessment. © Overseas Development Institute, 2005.EnglishComputable general equilibrium analysisPoverty alleviationArticle10.1111/j.1467-7679.2005.00287.x1467-7679