Johansen's contribution to CGE modelling: originator and guiding light for 50 years

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Dixon, Peter and Rimmer, Maureen T (2010) Johansen's contribution to CGE modelling: originator and guiding light for 50 years. Working Paper. Centre of Policy Studies (CoPS).

Abstract

Fifty years ago the Norwegian economist, Leif Johansen, gave us what is now recognised as the first CGE model. While Johansen was first, he is not the father of the whole field. CGE modelling in different styles sprang largely independently from several sources. This paper describes how Johansen's style of CGE modelling took root in Australia in the 1970s and has from there spread to the rest of the world. Today, thousands of economists from nearly every country are undertaking Johansen-style CGE modelling to elucidate policy questions in trade, taxation, environment, labour markets, immigration, income distribution, technology, resources, micro-economic reform and macro stabilization.

Additional Information

CoPS/IMPACT Working Paper Number G-203

Item type Monograph (Working Paper)
URI https://vuir.vu.edu.au/id/eprint/29394
Official URL http://www.copsmodels.com/elecpapr/g-203.htm
ISBN 9781921654107
Subjects Historical > FOR Classification > 1403 Econometrics
Current > Division/Research > Centre of Policy Studies (CoPS)
Keywords Leif Johansen; economic forecasting; Australia; C68; B23; B31
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