GTAP Resources: Resource Display
| GTAP Resource #6406 |
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"Approximating International Linkages in a National CGE Model" by Schreiber, Andrew, Alex Marten and Ann Wolverton Abstract This paper assesses the trade-offs of incorporating a reduced form representation of international trade in a national computable general equilibrium model setting. We compare the efficacy of a reduced form representation of a large open economy model using estimated elasticities derived from the GTAPinGAMS package with a model with the rest of world explicitly denominated. We then apply the reduced form framework to U.S. EPA’s SAGE model, a large scale intertemporal CGE model of the United States economy. We explore implications of the reduced form framework by comparing modeled impacts to those produced by a version of SAGE modeled as a small open economy. Particular attention is paid to how the reduced form approach to modeling international trade linkages interacts with other salient features of the more complicated modeling framework. |
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- Calibration and parameter estimation - Trade and the environment - North America |
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Public Access  Paper (348.5 KB) Replicated: 0 time(s)Restricted Access No documents have been attached. Special Instructions No instructions have been specified. |
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Last Modified: 9/15/2023 2:05:45 PM
