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Macro effects of alternative price policies in Egypt. Economics working paper series

Jean-Jacques Dethier, Hamideh Esfahani

Abstract

The objective was to study the welfare impacts of Egyptian economic policy and to investigate the interaction between agriculture and the rest of the economy. A multisectoral, multiclass, general equilibrium model was used to evaluate the effects of changes in the terms of trade on the distribution of income and on patterns of consumption and savings. The model is described in detail and preliminary results of work in progress are presented.

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Key concepts: Economics, Applied general equilibrium, General equilibrium theory, Macro, Computable general equilibrium, Consumption (sociology), Rest (music), Work (physics)