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Endogenized Trade Shares in a Global Model

Author

Listed:
  • Prof. Dr. Bernd Meyer

    (GWS - Institute of Economic Structures Research)

  • Dr. Christian Lutz

    (GWS - Institute of Economic Structures Research)

Abstract

Globally integrated modelling is achieved by employing trade matrices for linking country models. In the case of COMPASS, this is achieved by having time series for trade matrices of 25 commodity groups linking 53 countries and regions. In addition to country models that are estimated econometrically based on empirical data, trade matrices themselves are available over time in response to changing relative prices (endogenous in the model) and other factors. This paper focuses on an attempt to empirically explain the trade shares.

Suggested Citation

  • Prof. Dr. Bernd Meyer & Dr. Christian Lutz, 2001. "Endogenized Trade Shares in a Global Model," GWS Discussion Paper Series 01-2, GWS - Institute of Economic Structures Research.
  • Handle: RePEc:gws:dpaper:01-2
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    More about this item

    Keywords

    Endogenized Trade Shares; Global Model; COMPASS; trade matrices;
    All these keywords.

    JEL classification:

    • Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy

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