Beckman, Jayson; Hertel, Thomas; Tyner, Wallace - In: Energy Economics 33 (2011) 5, pp. 799-806
validation of a widely utilized global CGE model -- GTAP-E. By comparing the variance of model-generated petroleum price … distributions, we conclude that energy demand in GTAP-E is far too price-elastic over this medium run time frame. After … much better than the original GTAP-E parameters in this global, general equilibrium context. …