A New Regional Household Demand System for GTAP
The GTAP final demand system has some known defects: the computation of the equivalent variation is not exact; with non-standard demand parameters, the equivalent variation may be grossly in error; the decomposition of the equivalent variation contains a nuisance term. We find a further defect, that the upper-level demand equations are invalid. We revise the model to remove these defects.
Year of publication: |
2000
|
---|---|
Authors: | McDougall, Robert |
Institutions: | Center for Global Trade Analysis (GTAP), Department of Agricultural Economics |
Saved in:
freely available
Saved in favorites
Similar items by person
-
A Disequilibrium Model of International Capital Mobility
Ianchovichina, Elena, (2000)
-
Initial Preparation of Energy Volume Data for GTAP 7
McDougall, Robert, (2007)
-
Using Entropy to Compare IO tables
Walmsley, Terrie, (2006)
- More ...