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Global Applied General Equilibrium Analysis using the GTAP Framework

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  • Hertel, Thomas

Abstract

Contributed Chapter for Peter B. Dixon and Dale W. Jorgenson (eds.) This chapter provides an overview of the first two decades of the Global Trade Analysis Project (GTAP) - an effort to support a standardized data base and CGE modeling platform for international economic analysis. It characterizes GTAP in four different dimensions: institutional innovation, a network, a database and a standardized modeling platform. Guiding principles for the GTAP modeling framework include flexibility, ease of use, transparency, and symmetric treatment of production and utility fundamentals across regions. The chapter reviews core modeling assumptions relating to the regional household, private consumption behavior, welfare decomposition, the "global bank", treatment of the international trade and transport sector, and imports. Model validation and sensitivity analysis, as well as software issues receive attention as well. The chapter also offers brief overviews of major the two major areas of application: international economic integration and global environmental issues. It closes a discussion of future directions for the Project.

Suggested Citation

  • Hertel, Thomas, 2012. "Global Applied General Equilibrium Analysis using the GTAP Framework," GTAP Working Papers 3751, Center for Global Trade Analysis, Department of Agricultural Economics, Purdue University.
  • Handle: RePEc:gta:workpp:3751
    Note: GTAP Working Paper No. 66
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    File URL: https://www.gtap.agecon.purdue.edu/resources/res_display.asp?RecordID=3751
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    Cited by:

    1. Michetti, Melania & Parrado, Ramiro, 2012. "Improving land-use modelling within CGE to assess forest-based mitigation potential and costs," Congress Papers 124380, Italian Association of Agricultural and Applied Economics (AIEAA).
    2. Jean-Christophe Bureau & Sébastien Jean, 2013. "International Agricultural Trade and Negotiations : Coping with a New Landscape," FOODSECURE Working papers 8, LEI Wageningen UR.
    3. Dixon, Peter B. & Rimmer, Maureen T., 2016. "Johansen's legacy to CGE modelling: Originator and guiding light for 50 years," Journal of Policy Modeling, Elsevier, vol. 38(3), pages 421-435.
    4. Melania Michetti & Matteo Zampieri, 2014. "Climate–Human–Land Interactions: A Review of Major Modelling Approaches," Land, MDPI, Open Access Journal, vol. 3(3), pages 1-41, July.
    5. Karali, Nihan & Xu, Tengfang & Sathaye, Jayant, 2014. "Reducing energy consumption and CO2 emissions by energy efficiency measures and international trading: A bottom-up modeling for the U.S. iron and steel sector," Applied Energy, Elsevier, vol. 120(C), pages 133-146.

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