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GTAP Resource #1290 |
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"Feasible GTEM Baselines of the World Economy for the Next 100 Years" by Pant, Hom, Brian Fisher and Vivek Tulpule Abstract What are the possible ‘business-as-usual’ growth rates of the world economy for the next 100 years and what are the likely patterns of regional growth? The answers to these questions are important for many reasons, principal among them is that the world and regional economic growth rates are primary factors determining global emissions growth rates that are expected to drive future climate change and the growth in the size of future markets for commodities depends much on the growth rates of regional economies and hence are interesting to both investors as well as producers. This paper addresses these questions using the intertemporal version of ABARE’s Global Trade and Environment Model (GTEM). In particular the paper concludes that although there seems to be no restriction on the growth rate along the balanced growth path, there are limits to economic growth that are driven by region and factor biased technical progress and factor accumulation. |
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- Dynamic modeling - Baseline development |
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Public Access GTAP Resource 1290 (245.4 KB) Replicated: 0 time(s) PDF Version (478.8 KB) Replicated: 0 time(s) Restricted Access No documents have been attached. Special Instructions No instructions have been specified. |
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Last Modified: 9/15/2023 2:05:45 PM