Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/162253
Authors: 
Delpiazzo, Elisa
Parrado, Ramiro
Standardi, Gabriele
Year of Publication: 
2017
Series/Report no.: 
Nota di Lavoro, Fondazione Eni Enrico Mattei 11.2017
Abstract: 
This paper aims to present an extension of the ICES model to capture the public sector. Departing from a demand system mainly derived from the GTAP model, ICES-XPS model disentangles the private and the public actors. The paper reviews the changes in both the database and the model equations following the existing literature and considering the availability of data as well. The model is then tested with a series of simple experiments to highlight its contribution to economic analysis in which the public sector may play an important role. Finally, we show the flexibility in the closure rule of the public sector that allows addressing different policy research questions.
Subjects: 
Computable General Equilibrium
Public Sector
Government Budget
JEL: 
C68
D58
H60
Document Type: 
Working Paper

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