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Showing 2 results for Computable General Equilibrium Model.
The Impact of Education Expenditures on Human Capital and Economic Growth in Iran: A Computable General Equilibrium Approach
Abolfazl Janati Mashkani, Dr Morteza Sameti, Dr Rahman Khosh Akhlagh, Dr Rahim Dallali Esfahani, Dr Mostafa Emadzadeh,
Volume 2, Issue 5 (10-2011)
Abstract
One of the important targets of the economic planning is economic growth via enhancement of the labor productivity. In this regard, education expenditures play a crucial role. This study aims at investigating the effect of education expenditures on the level of human capital and economic growth through a computable general equilibrium approach. The data on economic variables and social accounting matrix belongs to the year 2001. Three scenarios on education expenditures are defined and their effect on human capital and economic growth are estimated. The results show that education expenditures have positive effects on economic growth and human capital. A 50% increase in education expenditures in the first period causes 3.81 and 5.8 percent increase in human capital and economic growth respectively. In the second period, the same increase in education expenditures affects human capital and economic growth positively by 5.4 and 7.3 percent respectively. Although separating the economic growth into human and physical factors in the first period shows that there is no relationship between human capital and economic growth, but in second period this separation causes a relationship between the two factors.
Investigating the Impact of Foreign Direct Investment on the Economy and Environment in Iran: Application of the Computable General Equilibrium (CGE) Model
Mr Mostafa Gholami, Dr Zeinolabedin Sadeghi, Dr Seyyed Abdul Majid Jalaee Esfandabadi, Dr Mehdi Nejati,
Volume 15, Issue 57 (11-2024)
Abstract
One of the most important goals of policymakers is to increase the rate of economic growth while keeping the environment clean, which is possible through the use of modern technologies and the influx of capital into the country. Foreign direct investment (FDI) is an important source for promoting energy-efficient technologies around the world. One of the most important issues in today's world, especially in developing countries, including Iran, is securing the necessary capital to advance economic and environmental goals. For this reason, the present study examines the effects of foreign direct investment on macroeconomic and environmental variables using a computable general equilibrium static model. Two scenarios have been analyzed and examined as the effects of a doubling of FDI, one on the electricity sector and the other on the entire economy. The results showed that in both scenarios, economic growth increased and the general level of prices decreased, but the effect was greater in the second scenario. Electricity production also increased in both scenarios. But household welfare has decreased with increasing foreign direct investment. In the carbon emission variable, the pollution halo hypothesis is confirmed in the first scenario, and the pollution haven hypothesis is confirmed in the second scenario. It is suggested that the government, in addition to providing domestic platforms for the entry of foreign capital, also pay due attention to domestic capital owners.

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