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Globe: A SAM Based Global CGE Model using GTAP Data

Author

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  • Scott McDonald

    (The University of Sheffield)

  • Sherman Robinson

    (University of Sussex)

  • Karen Thierfelder

    (United States Naval Academy)

Abstract

This paper provides a technical description of a global computable general equilibrium (CGE) model that is calibrated from a Social Accounting Matrix (SAM) representation of the Global Trade Analysis Project (GTAP) database. An important feature of the model is the treatment of nominal and real exchange rates and hence the specification of multiple numéraire. Another distinctive feature of the model is the use of a ‘dummy’ region, known as globe, that allows for the recording of inter regional transactions where either the source or destination are not identified.

Suggested Citation

  • Scott McDonald & Sherman Robinson & Karen Thierfelder, 2007. "Globe: A SAM Based Global CGE Model using GTAP Data," Departmental Working Papers 14, United States Naval Academy Department of Economics.
    • Handle: RePEc:usn:usnawp:14
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