Samuel Meng Libros

Focusing on the flaws in the current patent system, the author argues that innovation scarcity leads to economic recessions. By reviewing the history of economics and critiquing recent trends in econometrics, the book proposes a new theory of cyclic economic growth. It advocates for a redesigned patent system that would foster innovation and create synergy with capital markets, ultimately preventing recessions and promoting rapid economic and societal change. Through this lens, the author envisions a transformative path away from capitalism.

This book employs a computable general equilibrium (CGE) model – a widely used economic model which uses actual data to provide economic analysis and policy assessment – and applies it to economic data on Singapore’s tourism industry. The authors set out to demonstrate how a novice modeller can acquire the necessary skills and knowledge to successfully apply general equilibrium models to tourism studies. The chapters explain how to build a computable general equilibrium model for tourism, how to conduct simulation and, most importantly, how to analyse modelling results. This applied study acts as a modelling book at both introductory and intermediate levels, specifically targeting students and researchers who are interested in and wish to learn computable general equilibrium modelling. The authors offer insightful analysis of Singapore’s tourism industry and provide both students and researchers with a guide on how to apply general equilibrium models to actual economic data and draw accurate conclusions.