Bridges the gap between applied and theoretical general equilibrium models.

The book provides a hands-on introduction to computable general equilibrium (CGE) models, written at an accessible, undergraduate level.

Handbooks of development economics/ edit. Chenery.-v.1.

The challenge of meeting the Millennium Development Goals, and particularly the halving of poverty and hunger by 2015, is immense; and particularly so in rural areas where nearly half of the population lives on less than one dollar a day and one-third are undernourished. More than two-thirds of the poor in rural areas are smallholder farmers, whose resources, livelihood patterns and income sources are quite heterogeneous. Smallholders as a group, including the non-poor, still dominate most farming systems of developing countries and, on the positive side, account for a majority of rural employment, most food production and significant export earnings.

This volume offers an up-to-date treatment of dynamic general equilibrium modelling. The book, written by some of the most experienced researchers in the field, contains a rich array of policy settings. The issues considered include trends in the policy use of dynamic general equilibrium models, environmental policy, trade liberalization and enlargement of the European Union, the impact of education and tax policy on human capital accumulation, tax policy and the labour market, and public finances in relation to population ageing.