Seaside Computable General Equilibrium (CGE)

Seaside Computable General Equilibrium (CGE)#

Description

A computable general equilibrium (CGE) model is based on fundamental economic principles. A CGE model uses multiple data sources to reflect the interactions of households, firms, and relevant government entities as they contribute to economic activity. The model is based on (1) utility-maximizing households that supply labor and capital, using the proceeds to pay for goods and services (both locally produced and imported) and taxes; (2) the production sector, with perfectly competitive, profit-maximizing firms using intermediate inputs, capital, land, and labor to produce goods and services for both domestic consumption and export; (3) the government sector that collects taxes and uses tax revenues in order to finance the provision of public services; and (4) the rest of the world. The output of this analysis are CSV files with cge simulations, domestic supply and employment.

Related publications

Input parameters

key name	type	name	description
`print_solver_output`	`bool`	Solver output	Print solver output.
`solver_path`	`str`	Solver path	Path to ipopt package.

Input datasets

key name	type	name	description
`SAM` ^*	`incore:SeasideCGEsam`	Social matrix	A social accounting matrix.
`BB` ^*	`incore:SeasideCGEbb`	Capital composition	A matrix of functioning capital.
`HHTABLE` ^*	`incore:SeasideCGEhhtable`	HH Table	HH Table.
`EMPLOY` ^*	`incore:SeasideCGEemploy`	Employment	Commercial sector employment data.
`JOBCR` ^*	`incore:SeasideCGEjobcr`	Labor	A matrix of workers groups in the economy.
`SIMS` ^*	`incore:SeasideCGEsim`	Capitol shocks random number	Random numbers for the change of capital stocks.
`sector_shocks` ^*	`incore:capitalShocks`	Capital shocks	Building states to capital shocks per sector.

Output datasets

key name	type	name	description
`Seaside_Sims` ^*	`incore:SeasideCGEsims`	Cge simulations	A dataset containing Seaside cge simulations (format: CSV).
`Seaside_output` ^*	`incore:SeasideCGEEmployDS`	Employment supply results	A dataset of changes in employment and supply. (format: CSV).

(* required)

Execution

code snippet:

    # Create Seaside CGE Model
    seaside_cge = SeasideCGEModel(client)

    # Set analysis input parameters (both optional)
    seaside_cge.set_parameter("print_solver_output", False)
    seaside_cge.set_parameter("solver_path", "ipopt")

    # Set analysis input datasets
    seaside_cge.load_remote_input_dataset("SAM", sam)
    seaside_cge.load_remote_input_dataset("BB", bb)
    seaside_cge.load_remote_input_dataset("EMPLOY", employ)
    seaside_cge.load_remote_input_dataset("JOBCR", jobcr)
    seaside_cge.load_remote_input_dataset("HHTABLE", hhtable)
    seaside_cge.load_remote_input_dataset("SIMS", sims)
    seaside_cge.load_remote_input_dataset("sector_shocks", sector_shocks)

    # Set analysis parameters
    seaside_cge.set_parameter("solver_path", "ipopt")
    seaside_cge.set_parameter("model_iterations", 1)

    # Run Seaside CGE model analysis
    seaside_cge.run_analysis()

full analysis: seaside_cge.ipynb