ESA Working Paper No. 02-01

 

A GENERAL EQUILIBRIUM ANALYSIS
OF OWNERSHIP, PROPERTY RIGHTS AND CONTROL
IN A TRANSITION ECONOMY

by
Pasquale Lucio Scandizzo

 

 

TABLE OF CONTENTS

PDF (314 KB)

Agricultural and Development Economics Division
The Food and Agriculture Organization
of the United Nations

 

TABLE OF CONTENTS

1. Introduction
2. The Stackelberg structure of a computable general equilibrium model
2.1 A Mathematical Programming Formulation
2.2 A Stackelberg formulation
2.3. Ownership and property rights
3. A Computable General Equilibrium Model for the Slovak Economy
3.1.The Slovak Social Accounting Matrix
3.2 The CGE model
3.3 Transition properties of the model
3.5 Simulation results
3.5.1. Static effects of transition constraints
3.5.2. Dynamic effects of transition constraints
3.5.3. Exploring Property and Control rights
4. Conclusions and Policy Implications
References
APPENDIX A: A MATHEMATICAL APPROACH
1. The problem in (1.1) - (1.6) (§2.1) is a General Equilibrium
2. Basic distortions from an efficient market equilibrium
3. Proofs of Propositions of § 2.3
4. Some implications on the formal features of the CGE model
APPENDIX B: SOME RESULTS OF THE EXPERIMENTS
1. Static effects of transition constraints
2. Dynamic effects of transition constraints
3. Exploring Property and Control rights


 

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