Paper presented at the 2nd Annual Conference on Global Economics Analysis, Denmark, June 20-22. The paper proposes a new disequilibrium approach to modeling international capital mobility for a dynamic multi- region general equilibrium model. Key to this approach are errors in investors’...

The memorandum documents the initial preparation of energy volume data for release 7 of the GTAP Data Base.

The importance of obtaining quality I-O tables for the GTAP Data Base has prompted the need for a method to compare contributed I-O tables. Comparisons are useful for a number of reasons. a) Time comparisons can be used to show how an economy has changed over time. b) Country comparisons may be...

Choices: The Magazine of Food, Farm, and Resource Issues, Second Quarter The East Asian crisis is not all bad news for the United States and Canada (North America). Net debtors in North America – be they individual families refinancing their mortgages, businesses financing their expansion, or...

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,...

This paper revisits the analysis of the implications of China's economic growth on her trading partners presented in Arndt et al. (1997) using a dynamic, applied general equilibrium model that features international capital mobility. We find that accounting for the impact of China's growth on...

We provide a minimal derivation of the Keller formula for outer elasticities of substitution in nested CES systems.

In recent GTAP data releases, in transforming energy volumes data from the IEA extended energy balances to an input-output format, we record inflows into the energy balances flow "international marine bunkers" as exports, but record no corresponding imports. Here, we revise the energy module to...

The purpose of this memorandum is to document recent revisions to the energy environmental extension of the GTAP Model (GTAP-E) described in GTAP Technical Paper No.16 by Burniaux and Truong (2002). We revise the solution program, data, stored input and command files, and welfare decomposition...

This memorandum records work done to revise energy data for Russia for release 5.3 of the GTAP Data Base, more specifcally, data for commodity taxes on energy. The main object of the work is to let us ¯t the Russian input-output (IO) table to the energy data. A secondary object is to improve...