November 7-8, 2017 – PEP Resource Persons and previously financed researchers presented findings at the 6th Regional Meeting on Public Policy Analysis with Computable General Equilibrium Models in Peru.
The meeting, focusing on the social effects of trade policy, brought together researchers and policymakers who work in the Latin American and Caribbean region. The event provided an opportunity for researchers working on computable general equilibrium (CGE) models to improve their policy evaluation techniques and receive feedback from policymakers.
Two PEP Resource Persons for the macro-micro development policy modelling group, Bernard Decaluwé and Martin Cicowiez, presented papers. Professor Decaluwé presented a project that was co-authored with Dr. Cicowiez and Dr. Mustapha Nabli, Chair of the PEP Board of Directors, and funded under PEP’s PAGE initiative.
Professor Decaluwé explained how the research team was able to extend an existing CGE model to compute optimal values for selected policy variables. The paper he presented, Optimal Policy Design: A CGE Approach, illustrates the usefulness of the proposed approach using real data from Argentina to, for example, select the optimal mix between domestic and foreign government financing. His presentation also included an overview of PEP’s capacity building for research and policy impact strategy.
Dr. Cicowiez presented findings from two (non-PEP) projects on Post-Conflict Land Use Trajectories in Colombia (in Spanish) and Distributing Incomes Between Representative Households in Dynamic CGE Models.
Perpetuating PEP expertise
Additionally, three researchers previously financed by PEP, Ricardo Arguello, Joaquim Bento de Souza and Carmen Estrades, presented papers based on CGE modelling expertise they had developed during their PEP projects. Ricardo Arguello presented findings that used a recursive dynamic CGE, based on PEP’s 1-t model, to investigate the impact of the international drop in oil prices on Colombia’s economy.
The meeting was organized by the Economic Commission for Latin America and the Caribbean (ECLAC) and the Inter-American Development Bank (IDB) with the collaboration of the United Nations Conference on Trade and Development (UNCTAD) and Universidad del Pacífico. More information about the meeting, including the agenda and links to presentations are available from the ECLAC website.