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GTAP Resource #5221

"Assessing Long Run Structural Change in Multi-Sector General Equilibrium Models"
by Roson, Roberto and Dominique van der Mensbrugghe

CGE models are often used to assess policies and environmental impacts occurring at some distant future. Whereas these models are characterized by a detailed account of the economic structure, which is often essential when dealing with impacts affecting specific sectors, they are also calibrated on the basis of some past input-output or SAM tables, meaning that they mirror an economic structure quite different from the one we could possibly observe in the future. This paper is about the development of a a correct methodology to obtain long run estimates of structural change, considering both supply and demand drivers and delivering relevant results for applied economic models, not only CGEs. The different approaches found in the literature are critically evaluated first. Some preliminary results about structural change effects are subsequently presented and discussed.

Resource Details (Export Citation) GTAP Keywords
Category: 2017 Conference Paper
Status: Published
By/In: Presented at the 20th Annual Conference on Global Economic Analysis, West Lafayette, IN, USA
Date: 2017
Created: Roson, R. (4/8/2017)
Updated: Batta, G. (4/20/2017)
Visits: 2,415
- Baseline development
- Calibration and parameter estimation
- Dynamic modeling
- Economic growth

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Incomplete draft. A complete version will be uploaded subsequently.

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