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GTAP Resource #3600

"An updated global baseline for the Dynamic GTAP model"
by Chappuis, Thomas and Terrie Walmsley

A carefully constructed baseline scenario is an important component of a dynamic CGE analysis. To get most directly at the effects of a policy, simulation results should be compared to a baseline scenario which provides a business-as-usual projection, and results should be analysed as deviations from this baseline. Many studies conducted at the Centre of Policy Studies, such as Adams and Parmenter (2000), have shown that a realistic and defendable baseline is important because the nature of a baseline scenario can affect the deviation results of a policy scenario. Current global economic circumstances, where the global recession has accelerated a shift in the share of global economic output accounted-for by emerging countries, reinforce the argument for updating the global baseline of the dynamic GTAP model (GDyn).

Resource Details (Export Citation) GTAP Keywords
Category: 2011 Conference Paper
Status: Published
By/In: Presented at the 14th Annual Conference on Global Economic Analysis, Venice, Italy
Date: 2011
Created: Walmsley, T. (4/15/2011)
Updated: Chappuis, T. (5/15/2011)
Visits: 3,465
- Economic growth
- Software and modeling tools
- Dynamic modeling
- Baseline development

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