A New Regional Household Demand System for GTAP
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.
|Date of creation:||2000|
|Date of revision:|
|Note:||GTAP Working Paper No. 14|
|Contact details of provider:|| Postal: |
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