This paper provides a technical description of a global computable general equilibrium (CGE) model that is calibrated from a Social Accounting Matrix (SAM) representation of the Global Trade Analysis Project (GTAP) database. A distinctive feature of the model is the treatment of nominal and real exchange rates and hence the specification of multiple numéraire.
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Paper provided by The University of Sheffield, Department of Economics in its series Working Papers with number
2005001.
Find related papers by JEL classification: D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models R13 - Urban, Rural, and Regional Economics - - General Regional Economics - - - General Equilibrium and Welfare Economic Analysis of Regional Economies F49 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Other
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