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A New Regional Household Demand System for GTAP

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  • McDougall, Robert

Abstract

The GTAP final demand system has some known defects: the computation of the equivalent variation is not exact; with non-standard demand parameters, the equivalent variation may be grossly in error; the decomposition of the equivalent variation contains a nuisance term. We find a further defect, that the upper-level demand equations are invalid. We revise the model to remove these defects.

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File URL: http://www.gtap.agecon.purdue.edu/resources/res_display.asp?RecordID=404
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Bibliographic Info

Paper provided by Center for Global Trade Analysis, Department of Agricultural Economics, Purdue University in its series GTAP Working Papers with number 404.

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Date of creation: 2000
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Handle: RePEc:gta:workpp:404

Note: GTAP Working Paper No. 14
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Cited by:
  1. Joseph Francois & Miriam Manchin & Hanna Norberg & Olga Pindyuk & Patrick Tomberger, 2013. "Reducing Transatlantic Barriers to Trade and Investment: An Economic Assessment," IIDE Discussion Papers 20130401, Institue for International and Development Economics.
  2. Naohiko Yahaba, 2010. "How Does A Decrease In Oil Production Affect The World Economy?," Asia Pacific Economic Papers 388, Australia-Japan Research Centre, Crawford School of Public Policy, The Australian National University.
  3. Philippidis, George & Hubbard, Lionel J. & Renwick, Alan W., 2006. "A CGE Analysis of the Harbinson Proposal: Outcomes for the EU25," Working Papers 45992, Scottish Agricultural College, Land Economy Research Group.
  4. Xiao-guang Zhang & George Verikios, 2007. "Providing Duty-Free Access to Australian Markets for Least-Developed Countries: A General Equilibrium Analysis," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 40(3), pages 239-252, 09.
  5. Wei Bin Zhang, 2008. "A multi-region economic growth model with migration, housing and regional amenity," Analele Stiintifice ale Universitatii "Alexandru Ioan Cuza" din Iasi - Stiinte Economice, Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, vol. 55, pages 322-350, November.
  6. Richard Tol & Stefano F Verde, 2013. "Fiscal limits on first-best climate policy: A CGE analysis for Europe," Working Paper Series 5813, Department of Economics, University of Sussex.
  7. Kowal, Paweł, 2006. "On nesting nonhomothetic preferences," MPRA Paper 931, University Library of Munich, Germany.
  8. Hertel, Thomas & Hummels, David & Ivanic, Maros & Keeney, Roman, 2007. "How confident can we be of CGE-based assessments of Free Trade Agreements?," Economic Modelling, Elsevier, vol. 24(4), pages 611-635, July.
  9. Oyewumi, Olubukola Ayodeju & Jooste, Andre & Britz, Wolfgang & van Schalkwyk, Herman D., 2007. "Tariff and Tariff Rate Quota Liberalization in the South African Livestock Industry: Approaches to Welfare Measurement," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 46(1), March.
  10. Lips, Markus, 2005. "Sufficient nourishment worldwide via transfer payments," Food Policy, Elsevier, vol. 30(1), pages 81-96, February.
  11. Ken Itakura, 2011. "The Economic Consequences of Shifting Away From Nuclear Energy," Working Papers PB-2011-04, Economic Research Institute for ASEAN and East Asia (ERIA).
  12. Ricardo Arguello, 2004. "An exporatory assessment of the potential impact of the free trade area of the americas on the andean community," BORRADORES DE INVESTIGACIÓN 004332, UNIVERSIDAD DEL ROSARIO.
  13. Ken Itakura, . "Calibrating the Mix of Electric Power Generation Types," Chapters, Economic Research Institute for ASEAN and East Asia (ERIA).
  14. Narayanan, Badri & Hertel, Thomas & Horridge, Mark, 2009. "Disaggregated Data and Trade Policy Analysis: The Value of Linking Partial and General Equilibrium Models," GTAP Working Papers 3162, Center for Global Trade Analysis, Department of Agricultural Economics, Purdue University.
  15. Naohiko Yahaba, 2010. "How does a decrease in oil production affect the world's economy?," Energy Working Papers 22722, East Asian Bureau of Economic Research.
  16. Birur, Dileep K. & Beach, Robert H., 2011. "Analyzing Trade Implications Of U.S. Biofuels Policies In A General Equilibrium Framework," 2011 Annual Meeting, July 24-26, 2011, Pittsburgh, Pennsylvania 103996, Agricultural and Applied Economics Association.
  17. Hertel, Thomas, 2013. "Global Applied General Equilibrium Analysis Using the Global Trade Analysis Project Framework," Handbook of Computable General Equilibrium Modeling, Elsevier.

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