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A New Regional Household Demand System for GTAP

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  • McDougall, Robert

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.

Suggested Citation

  • McDougall, Robert, 2000. "A New Regional Household Demand System for GTAP," GTAP Working Papers 404, Center for Global Trade Analysis, Department of Agricultural Economics, Purdue University.
  • Handle: RePEc:gta:workpp:404 Note: GTAP Working Paper No. 14
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    Cited by:

    1. Hertel, Thomas, 2013. "Global Applied General Equilibrium Analysis Using the Global Trade Analysis Project Framework," Handbook of Computable General Equilibrium Modeling, Elsevier.
    2. Wei Bin Zhang, 2008. "A multi-region economic growth model with migration, housing and regional amenity," Analele Stiintifice ale Universitatii "Alexandru Ioan Cuza" din Iasi - Stiinte Economice, Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, vol. 55, pages 322-350, November.
    3. Hertel, Thomas & Hummels, David & Ivanic, Maros & Keeney, Roman, 2007. "How confident can we be of CGE-based assessments of Free Trade Agreements?," Economic Modelling, Elsevier, vol. 24(4), pages 611-635, July.
    4. Birur, Dileep K. & Beach, Robert H., 2011. "Analyzing Trade Implications Of U.S. Biofuels Policies In A General Equilibrium Framework," 2011 Annual Meeting, July 24-26, 2011, Pittsburgh, Pennsylvania 103996, Agricultural and Applied Economics Association.
    5. Narayanan, Badri G. & Hertel, Thomas W. & Horridge, J. Mark, 2010. "Disaggregated data and trade policy analysis: The value of linking partial and general equilibrium models," Economic Modelling, Elsevier, vol. 27(3), pages 755-766, May.
    6. Naohiko Yahaba, 2010. "How does a decrease in oil production affect the world's economy?," Energy Working Papers 22722, East Asian Bureau of Economic Research.
    7. Kowal, Paweł, 2006. "On nesting nonhomothetic preferences," MPRA Paper 931, University Library of Munich, Germany.
    8. Ken Itakura, . "Calibrating the Mix of Electric Power Generation Types," Chapters, Economic Research Institute for ASEAN and East Asia (ERIA).
    9. Narayanan, Badri & Thomas Hertel & Mark Horridge, 2010. "Linking Partial and General Equilibrium Models: A GTAP Application Using TASTE," GTAP Technical Papers 3192, Center for Global Trade Analysis, Department of Agricultural Economics, Purdue University.
    10. Michael KOHLHAAS & Martin CAMES & Jochen DIEKMANN & Dieter SCHUMACHER & Katja SCHUMACHER, "undated". "Economic, Environmental and International Trade Effects of the EU Directive on Energy Tax Harmonization," EcoMod2004 330600079, EcoMod.
    11. Ken Itakura, 2011. "The Economic Consequences of Shifting Away From Nuclear Energy," Working Papers PB-2011-04, Economic Research Institute for ASEAN and East Asia (ERIA).
    12. Carrico, Caitlyn & Tsigas, Marinos, 2014. "Enriching U.S. labor results in a multi-regional CGE model," Economic Modelling, Elsevier, vol. 36(C), pages 268-281.
    13. Xiao-guang Zhang & George Verikios, 2007. "Providing Duty-Free Access to Australian Markets for Least-Developed Countries: A General Equilibrium Analysis," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 40(3), pages 239-252, September.
    14. Oyewumi, Olubukola Ayodeju & Jooste, Andre & Britz, Wolfgang & van Schalkwyk, Herman 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.
    15. Philippidis, George & Hubbard, Lionel J. & Renwick, Alan W., 2006. "A CGE Analysis of the Harbinson Proposal: Outcomes for the EU25," Working Papers 45992, Scottish Agricultural College, Land Economy Research Group.
    16. Richard Tol & Stefano F Verde, 2013. "Fiscal limits on first-best climate policy: A CGE analysis for Europe," Working Paper Series 5813, Department of Economics, University of Sussex.
    17. Jan Hagemejer & Jan Michałek & Tomasz Michałek, 2010. "Implications of the Doha Round negotiations in services for Poland," Bank i Kredyt, Narodowy Bank Polski, vol. 41(1), pages 5-30.
    18. Parrado, Ramiro & De Cian, Enrica, 2014. "Technology spillovers embodied in international trade: Intertemporal, regional and sectoral effects in a global CGE framework," Energy Economics, Elsevier, vol. 41(C), pages 76-89.
    19. Joseph Francois & Miriam Manchin & Hanna Norberg & Olga Pindyuk & Patrick Tomberger, 2013. "Reducing Transatlantic Barriers to Trade and Investment: An Economic Assessment," Economics working papers 2015-03, Department of Economics, Johannes Kepler University Linz, Austria.
    20. Naohiko Yahaba, 2010. "How Does A Decrease In Oil Production Affect The World Economy?," Asia Pacific Economic Papers 388, Australia-Japan Research Centre, Crawford School of Public Policy, The Australian National University.
    21. 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.
    22. Lips, Markus, 2005. "Sufficient nourishment worldwide via transfer payments," Food Policy, Elsevier, vol. 30(1), pages 81-96, February.

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