Evaluating the CSF with an extended computable general equilibrium model: The case of Greece (1988-1995)

Sarantis Lolos, Akiko Suwa-Eisenmann, Nicholas Zonzilos, François Bourguignon

Research output: Contribution to journalArticlepeer-review

Abstract

We assess the programs implemented in Greece under the European Community Support Framework (1989-1993), which aim at promoting growth through investments in infrastructure and human capital. We use counterfactual analysis based on an economy-wide extended CGE model to describe separately direct and indirect effects on the demand and the supply sides. A second set of simulations assuming full employment of capacity gives an order of magnitude of the efficiency loss due to macro constraints.

Original languageEnglish (US)
Pages (from-to)177-197
Number of pages21
JournalJournal of Policy Modeling
Volume17
Issue number2
DOIs
StatePublished - Apr 1995

ASJC Scopus subject areas

  • Economics and Econometrics

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