This type of model explicitly recognizes that changes that affect one part of the economy can have repercussions throughout the rest of the economy. They are particularly useful in capturing the indirect effects of a policy change. The model that is developed in the concluding exercise provides a starting point for applied policy analysis. A supplement to the manual provides the keys to the exercises. The manual also comes with a CD-ROM with a limited capacity version of GAMS together with numerous examples of GAMS programs linked to the exercises.
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