A dynamic computable general equilibrium model with working capital for Honduras

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cg.coverage.countryHondurasen_US
cg.coverage.iso3166-alpha2HNen_US
cg.coverage.regionCentral Americaen_US
cg.coverage.regionLatin Americaen_US
cg.creator.identifierSamuel Morley: 0000-0003-3047-8112en_US
cg.creator.identifierValeria Piñeiro: 0000-0002-4372-7141en_US
cg.creator.identifierSherman Robinson: 0000-0002-5478-9372en_US
cg.identifier.projectIFPRI - Markets, Trade, and Institutions Divisionen_US
cg.identifier.publicationRankNot rankeden_US
cg.number1130en_US
cg.placeWashington, DCen_US
cg.reviewStatusInternal Reviewen_US
dc.contributor.authorMorley, Samuelen_US
dc.contributor.authorPiñeiro, Valeriaen_US
dc.contributor.authorRobinson, Shermanen_US
dc.date.accessioned2024-10-01T13:56:07Zen_US
dc.date.available2024-10-01T13:56:07Zen_US
dc.identifier.urihttps://hdl.handle.net/10568/153413en_US
dc.titleA dynamic computable general equilibrium model with working capital for Hondurasen_US
dcterms.abstractIn this paper we develop a dynamic real-financial computable general equilibrium (CGE) model for Honduras that incorporates working capital. The model is designed to be useful as a development tool and to be used by policymakers who deal with short-run macro and trade issues. Our model extends previous modeling work on Honduras in several ways. First, it uses a new, updated social accounting matrix (SAM) for the country. Second, it is a recursive dynamic model that incorporates unemployment of labor in the short run. Most CGE models are not useful for short-run analysis because they are comparative static models that assume full employment. We specify a fixed minimum wage and an informal sector and use a recursive dynamic framework to solve for the short-run adjustment process that occurs as the economy responds to shocks. Finally, the model introduces working capital as an additional factor of production, complementary to physical capital, which allows us to examine the impact of monetary shocks that affect the supply of credit on the balance of payments, employment, and real income during periods of adjustment.en_US
dcterms.accessRightsOpen Accessen_US
dcterms.bibliographicCitationMorley, Samuel; Piñeiro, Valeria; Robinson, Sherman. 2011. A dynamic computable general equilibrium model with working capital for Honduras. IFPRI Discussion Paper 1130. https://hdl.handle.net/10568/153413en_US
dcterms.extent42 pagesen_US
dcterms.isPartOfIFPRI Discussion Paperen_US
dcterms.issued2011en_US
dcterms.languageenen_US
dcterms.publisherInternational Food Policy Research Instituteen_US
dcterms.relationhttps://hdl.handle.net/10568/161751en_US
dcterms.relationhttps://hdl.handle.net/10568/160377en_US
dcterms.replaceshttps://ebrary.ifpri.org/digital/collection/p15738coll2/id/126744en_US
dcterms.subjectcomputable general equilibrium modelsen_US
dcterms.subjecteconomic growthen_US
dcterms.subjectworking capitalen_US
dcterms.typeWorking Paperen_US

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