GTAP Resources: Resource Display
| GTAP Resource #7269 |
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"Modeling Savings and International Economic Flows in the GTAP Version 7 Model" by Pereira, Maria Filipa Seara, Angel Aguiar and Erwin Corong Abstract This study explores the integration of inter-regional financial flows into the Global Trade Analysis Project (GTAP) Data Base to refine savings calculations. Specifically, it contrasts the outcomes of the standard GTAP model with its extended version, MyGTAP, which includes remittances, foreign capital flows, and foreign aid. Both models are analyzed under a stylized shock in agricultural trade, using the United States as a case study. By incorporating these financial flows, the research aims to address the issue of negative savings reported in several countries within the GTAP Data Base, potentially improving the stability and accuracy of dynamic economic simulations. This comparison elucidates the different methodologies' impacts on savings and provides valuable insights for policymakers and researchers in economic modeling. |
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- Model extension/development |
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Public Access  Paper (181.5 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
