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GTAP Resources: Resource Display

GTAP Resource #310

"Liberalization and Capital Accumulation in the GTAP Model"
by Francois, Joseph and Brad McDonald


Abstract
1996, July

This paper explores trade policy and investment linkages in the GTAP model. This is done under alternative steady-state closure rules linking trade to consumption, production, and investment, and emphasizing the general equilibrium nature of capital accumulation mechanisms.

When policy shocks are capital friendly, induced investment may be greater than suggested by current savings rates. As a result, multiplier-type analysis can be very misleading.

The importance and direction of this magnification hinges critically on the sensitivity of savings rates with respect to real returns. As illustration, we offer a numerical assessment of the Uruguay Round, highlighting such linkages.


Resource Details (Export Citation) GTAP Keywords
Category: Technical Paper
Status: Published
By/In: GTAP Technical Paper No. 07
Date: 1996
Cite Avg: 4 (based on Google Scholar "Cited by" number)
Version:
Created: Bacou, M. (9/27/2000)
Updated: Batta, G. (10/1/2007)
Visits: 9,813
- Dynamic modeling


Attachments
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Public Access
  File format GTAP Resource 310   (155.8 KB)   Replicated: 0 time(s)
  File format GTAP Resource 310  (356.7 KB)   Replicated: 0 time(s)


Restricted Access
No documents have been attached.


Special Instructions
The zip file attached is a RunGTAP archive. To install:

1. Copy the zip file into a folder
2. Open RunGTAP
3. Select File | Version Archive | Load ZIP
6. Select zip file
7. Choose version name and Click "ok"
8. Click "OK".
In the top blue line of RunGTAP (above the menu) you should see the following:
"RunGTAP: "Version name"/"experiment loaded".
Make sure that "Version name" is the name you specified.


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