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The Theoretical and Empirical Structure of the G-Cubed Model

Peter J. Wilcoxen and Warwick J. McKibbin
Warwick McKibbin
Warwick J. McKibbin Former expert - Economic Studies, Center on Regulation and Markets, Distinguished Professor of Economics & Public Policy - Crawford School of Public Policy, The Australian National University

December 1, 1995

Abstract

This paper describes in detail the theoretical and empirical features of the G-Cubed multi-country, multi-sector intertemporal general equilibrium model. The G-Cubed model has been used for a number of alternative policy simulations including the implications of greenhouse gas policy, trade liberalization, tax policy and macroeconomic policy. The paper is intended as a technical guide to supplement policy-oriented papers. It does not include a survey of related literature; for that or other additional detail, including computer code for the model and analysis of a variety of policy simulations, refer to McKibbin and Wilcoxen (1994) or contact the authors.