Market imperfections in a general equilibrium framework. An empirical analysis

Capros, P; Karadeloglou, P; Mentzas, G

dc.contributor.author	Capros, P	en
dc.contributor.author	Karadeloglou, P	en
dc.contributor.author	Mentzas, G	en
dc.date.accessioned	2014-03-01T01:08:25Z
dc.date.available	2014-03-01T01:08:25Z
dc.date.issued	1991	en
dc.identifier.issn	0264-9993	en
dc.identifier.uri	https://dspace.lib.ntua.gr/xmlui/handle/123456789/10480
dc.relation.uri	http://www.scopus.com/inward/record.url?eid=2-s2.0-2342486864&partnerID=40&md5=22675e931b589d2f1cb586a1be52960f	en
dc.subject	Computable general equilibrium models	en
dc.subject	European market integration	en
dc.subject	Macroeconomic modelling	en
dc.subject.classification	Economics	en
dc.subject.other	MODELS	en
dc.subject.other	POLICY	en
dc.subject.other	ECONOMIES	en
dc.subject.other	COUNTRIES	en
dc.subject.other	TRADE	en
dc.title	Market imperfections in a general equilibrium framework. An empirical analysis	en
heal.type	journalArticle	en
heal.language	English	en
heal.publicationDate	1991	en
heal.abstract	The present paper arises from efforts to include non-neoclassical features in empirical CGE models in order to represent market imperfections and rigidities. We examine the policy implications of adopting frameworks other than price induced market clearing in certain markets of a CGE model. In the course of the paper we design a general core CGE model and derive 12 alternative model variantsby allowing for market imperfections in the markets for goods, labour and foreign exchange; these variants represent various research directions in the literature. We investigate the role of such rigidities in evaluating the macroeconomic impacts of European market integration on a small open economy, namely Greece. © 1991.	en
heal.publisher	BUTTERWORTH-HEINEMANN LTD	en
heal.journalName	Economic Modelling	en
dc.identifier.isi	ISI:A1991EW05000009	en
dc.identifier.volume	8	en
dc.identifier.issue	1	en
dc.identifier.spage	116	en
dc.identifier.epage	128	en