Umeĺ Economic Studies, Department of Economics, Umeĺ University
No 569:
Endogenous Disinvestment Activities and the Transformation to a new Equilibrium. A computable general equilibrium approach
Ronny Norén ()
Abstract: The contribution of this book is the explicit
recognitation of the importance of endogenous disinvestment activities to a
new equilibrium. This is embodied in the condition specifying the economic
life of capital to account for obsolescence. This specification provides
the formal link between capital formation and production capacity. Thus,
the transformation process will be endogenously specified in the model. In
technical terms, the economic structure is illustrated by the help of a
computable general equilibrium (CGE) model of an open economy. The
numerical applications is an examination of the sensitivity of the model to
systematic variation in key variables of the transformation process, and
the variations that may appear through changes in domestic and
international conditions. This book, organised in 6 chapters, is designed
as a textbook and a research publication in combination. In rough outline,
Chapter 2 and 3 is a pure textbook representation, and Chapter 4, 5 and 6
are representative chapters of the research publication.
Keywords: Economic obsolescence; CGE model; transformation; capital rent; open economy; (follow links to similar papers)
JEL-Codes: C24; D13; J22; (follow links to similar papers)
90 pages, October 1, 2001
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