Survey of Recent Literature on CGE Trade Models: With Special Reference to the Case of Egypt

This paper provides a recent summary of the literature on Computable General Equilibrium (CGE) trade models used to analyze the effects of trade policy changes. After a discussion of the advantages and limitations of CGE models, I address their typical structure and show how the model operates. Finally, I present a review of the impact of different trade liberalization scenarios in the case of a small open economy; Egypt.