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A New Regional Household Demand System for GTAP

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McDougall, Robert

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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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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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  2. Anna Strutt and Allan N. Rae, 2008. "Assessing the impacts of prefenertial trade agreements in the Asian and Pacific region," Publication STUDIES IN TRADE AND INVESTMENT, in: Mia Mikic (ed.), Emerging Trade Issues for Policymakers in Developing Countries in Asia and the Pacific, chapter 9 Trade Policy Section, Trade and Investment Division, UNESCAP. [Downloadable!]
  3. Philippidis, George & Hubbard, L.J. & Renwick, Alan, 2006. "A CGE Analysis of the Harbinson Proposal: Outcomes for the EU25," Working Papers 45992, Scottish Agricultural College, Land Economy Research Group. [Downloadable!]
  4. 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 - FACULTAD DE ECONOMÍA. [Downloadable!]
  5. Xiao-guang Zhang & George Verikios, 2006. "Providing Duty-Free Access to Australian Markets for Least-Developed COuntries: a General Equilibrium Analysis," Economics Discussion / Working Papers 06-09, The University of Western Australia, Department of Economics. [Downloadable!]
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  6. Oyewumi, O.A. & Jooste, A. & Britz, W. & van Schalkwyk, H.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. [Downloadable!]
  7. Thomas Hertel & David Hummels & Maros Ivanic & Roman Keeney, 2004. "How Confident Can We Be in CGE-Based Assessments of Free Trade Agreements?," NBER Working Papers 10477, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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