A Review of Four Demoeconomic General Equilibrium Models

Shishido, H. (1981). A Review of Four Demoeconomic General Equilibrium Models. IIASA Working Paper. IIASA, Laxenburg, Austria: WP-81-043

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Abstract

General equilibrium simulation modeling has become one of the standard tools of analyzing various economic forces within and among nations. Several models of this type have been built in the Human Settlements and Services (HSS) Area to study economic forces and their interactions with demographic forces.

This paper summarizes these models and reviews the advantages and disadvantages of general equilibrium modeling and of the specific specifications chosen by the authors. The models reviewed here include a prototype model and three case-study models (Mexico, Sweden, and Hungary). A brief description of an earlier dualistic prototype model and a fourth case study (Japan) are given in the Appendices.

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