Dynamic Modeling and Applications for Global Economic Analysis

This book presents the technical aspects of an economic model used to examine issues of global economic significance.

Elena Ianchovichina (Edited by), Terrie L. Walmsley (Edited by)

9781107002432, Cambridge University Press

Paperback, published 20 February 2012

448 pages, 100 b/w illus. 93 tables
22.9 x 15.2 x 2.4 cm, 0.6 kg

'Making computable general equilibrium models dynamic like the world they represent has long been a priority for modelers. This book lays out the GTAP team's approach with admirable clarity and detail and with a number of excellent examples. It will help many users tackle dynamic problems and so contribute greatly to the world of international policy analysis.' L. Alan Winters, University of Sussex

A sequel to Global Trade Analysis: Modeling and Applications (Cambridge University Press, 1996, edited by Thomas W. Hertel), this new volume presents the technical aspects of the Global Trade Analysis Program's global dynamic framework (GDyn) and its applications within important global policy issues. The book covers a diverse set of topics including trade reform, growth, investment, technology, demographic change and the environment. Environmental issues are particularly well-suited for analysis with GDyn, and this volume covers its uses with climate change, resource use and technological progress in agriculture. Other applications presented in the book focus on integration issues such as rules governing foreign investment, e-commerce regulations, trade in services, harmonization of technical standards, sanitary and photo-sanitary regulations, streamlining of customs procedures, and demographic change and migration.

Part I. Introduction and Overview: 1. Introduction Elena Ianchovichina
Part II. Structure of Dynamic GTAP Framework: 2. Theoretical structure of dynamic GTAP Elena Ianchovichina and Robert McDougall
3. Behavioral and entropy parameters in the dynamic GTAP model Alla Golub and Robert McDougall
4. An overview of the dynamic GTAP data base: the data base construction and aggregation programs Robert McDougall, Terrie Walmsley, Alla Golub, Elena Ianchovichina and Ken Itakura
5. A baseline scenario for the dynamic GTAP model Terrie Walmsley, Betina Dimaranan and Robert McDougall
6. Welfare analysis in the dynamic GTAP model Terrie Walmsley, Robert McDougall and Elena Ianchovichina
7. Implementing GDyn in the RunDynam software Ken Itakura, Elena Ianchovichina, Csilla Lakatos and Terrie Walmsley
Part III. Applications of Dynamic GTAP: 8. Assessing the impact of China's WTO accession on investment Terrie Walmsley, Thomas Hertel and Elena Ianchovichina
9. Dynamic effects of the 'new-age' free trade agreement between Japan and Singapore Thomas Hertel, Terrie Walmsley and Ken Itakura
10. Resource use and technological progress in agriculture Elena Ianchovichina, Roy Darwin and Robin Shoemaker
11. Global economic integration and land use change Alla Golub and Thomas W. Hertel
12. The contribution of productivity linkages to the general equilibrium analysis of free trade agreements Ken Itakura, Thomas Hertel and Jeffrey Reimer
13. Global demographic change, labor force growth and economic performance Rod Tyers and Quinn Shi
Part IV. Evaluation of Dynamic GTAP Framework: 14. Household saving behavior in GDyn: evaluation and revision Alla Golub and Robert McDougall
15. Implications for global economic analysis Elena Ianchovichina and Terrie Walmsley
Appendix Terrie Walmsley and Robert McDougall.

Subject Areas: Organizational theory & behaviour [KJU], Economic theory & philosophy [KCA], Social research & statistics [JHBC], Research methods: general [GPS]