Post by Hasan Dudu

I am delighted to see the open-source release of MANAGE-WB, the The World Bank Group's dynamic Computable General Equilibrium (CGE) model, now available on GitHub: https://lnkd.in/eB5BCYmz I had the privilege of contributing to the model's development in early years. One of my long-standing hopes was to see it become an open platform that researchers, policymakers, students, and practitioners around the world could freely access, learn from, and build upon. When I left the World Bank, that goal remained unfinished, which makes the release especially meaningful for me. Congratulations to the World Bank team (Martin Aarøe Christensen, Lulit Mitik Beyene, Wolfgang Britz, Mei Mei Aileen Lam, Alhassane Camara, Ph.D, Ragchaasuren Galindev, Noe Reidt, Jan Witajewski-Baltvilks, dr hab.) for carrying this effort across the finish line and making a powerful policy tool available to the broader community. Beyond the standard capabilities found in many CGE models, MANAGE-WB offers several features that make it particularly versatile: - Intuitive GUI that allows running the model and analyzing the results with minimal coding experience. - Fully flexible production and consumption structures, allowing users to design virtually any nesting configuration. - Integrated debt and savings framework that tracks public borrowing and debt service while allowing savings behavior to respond endogenously to interest rates. - R&D-driven endogenous growth module that links technological change to long-run economic performance. - Built-in SAM estimation and balancing toolkit that can reduce data preparation from days or weeks to a matter of hours. - Advanced risk and uncertainty analysis, including sensitivity testing, stochastic simulations, and Monte Carlo experiments. - ...and many additional modules available out of the box, sparing users the extensive coding often required to implement these features in other models. Open-source models make policy analysis more transparent, reproducible, and collaborative. I look forward to seeing how researchers, policymakers, and students use MANAGE-WB in the years ahead. #Economics #CGE #EconomicModeling #OpenSource #DevelopmentEconomics #PolicyAnalysis #WorldBank #GAMS #ClimateEconomics