Some elements for a Computable General Equilibrium (CGE) model
Applying the Computable General equilibrium (CGE) model for Romania has been made only partially by presenting some elements of the general equilibrium on the basis of an analysis and regression equations concerning the tourism in our country. Thus we have highlighted 4 regression functions:
- the production of the hotels and restaurants industry depending on the influence factors - number of employees and the volume of tangible fixed assets;
- the volume of the production in the hotels and restaurants industry by the influence factors – GDP per inhabitant, the infrastructure represented by the length of the public roads and the volume of tangible fixed assets;
- the function that comprises the dependent variable - GDP per inhabitant and the independent variables - overnight stays in tourism accommodation units and the occupied population;
- the function that connects by a functional dependency the number of overnight stays with the influence factors – monthly net average real salary and inflation.