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GTAP Resources: Resource Display

GTAP Resource #891

"On the Construction of an Intertemporal World Model of Growth, Accumulation and Trade"
by Diao, Xinshen and A. Erinc Yeldan


Abstract
A multi-region, dynamic computable general equilibrium model is introduced to study issues of accumulation, growth, and consumer welfare in the context of a global economy segmented into polar blocs. The model is based on intertemporal optimization behavior of forward-looking Ramsey-consumers with three endogenously specified world regions --Rich, Poor, and the Middle Income; and four aggregated sectors. We calibrate the model to the recent GTAP data base, and present a simulation experiment addressing to the dynamic effects of a productivity decline in agriculture of the industrial Rich region. We report both the transition and the steady state equilibrium paths following the productivity shock.


Resource Details (Export Citation) GTAP Keywords
Category: GTAP Application
Status: Not published
By/In: METU Studies in Development
Date: 1997
Version: 24(4)
Created: Diao, X. (11/14/2001)
Updated: Dimaranan, B. (11/15/2001)
Visits: 2,646
- Economic growth


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