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GTAP10Nor: Adjusted GTAP database v10 based on national accounting data of Norway

Author

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  • Wei, Taoyuan
  • Glomsrød, Solveig
  • Asbjørn, Aaheim
  • Ma, Lin

Abstract

The Model for Global Responses to Anthropogenic Changes in the Environment (GRACE) was developed for economic analysis of climate change issues including mitigation, impacts, and adaptation. Since 2005, GRACE has been updated in line with the latest Global Trade Analysis Project (GTAP) database. So far, Norway has not been a specific region in GRACE. To include Norway in a new version of GRACE, we need a GTAP database that ensures consistency with the official national accounting data of Norway. This study describes how we adjust the GTAP v. 10 data to achieve this consistency. For this purpose, we apply the official input-output (IO) table of Norway for the year 2014 and the annually updated Table 11123 of the National accounts to adjust macroeconomic data of the original GTAP database for components of GDP like production, income, and expenditure. The balance between supply and demand of products is finally taken care of by introducing an additional parameter in the adjusted GTAP data as “changes in inventory” for all regions. The official energy accounts and CO2 emissions data of Norway are used to replace the corresponding data of Norway in the GTAP database.

Suggested Citation

  • Wei, Taoyuan & Glomsrød, Solveig & Asbjørn, Aaheim & Ma, Lin, 2022. "GTAP10Nor: Adjusted GTAP database v10 based on national accounting data of Norway," Conference papers 333436, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    • Handle: RePEc:ags:pugtwp:333436
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    File URL: https://ageconsearch.umn.edu/record/333436/files/11327.pdf
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    References listed on IDEAS

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    1. Stefano Carattini & Steffen Kallbekken & Anton Orlov, 2019. "How to win public support for a global carbon tax," Nature, Nature, vol. 565(7739), pages 289-291, January.
    2. Angel Aguiar & Maksym Chepeliev & Erwin L. Corong & Robert McDougall & Dominique van der Mensbrugghe, 2019. "The GTAP Data Base: Version 10," Journal of Global Economic Analysis, Center for Global Trade Analysis, Department of Agricultural Economics, Purdue University, vol. 4(1), pages 1-27, June.
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    Cited by:

    1. Wei, Taoyuan, 2024. "Multiplier effect on reducing carbon emissions of joint demand and supply side measures in the hydrogen market," Energy, Elsevier, vol. 305(C).

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