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GTAP Resource #3391

"A Time Series Database for Global Trade, Production and Consumption Linkages"
by Wang, Zhi, Marinos Tsigas, Jesse Mora, Xin Li and Daniel Xu

This paper develops a mathematical programming model integrating individual country input-output (I-O) tables with detailed bilateral trade statistics through a three-stage optimization procedure to produce a consistent annual world I-O database. The global balanced trade and I-O statistics are obtained as a solution to a system of simultaneous equations that minimize a quadratic penalty function. The model can be used annually to update the world I-O table when industry level production and trade statistics become available.

This time-series database integrates global trade, production and consumption statistics in a consistent accounting framework. It provides a benchmark for dynamic AGE model calibration and baseline validation. In addition, it is particularly useful for the analysis of vertical specialization in global production and the interactions between different industries at different geographic locations that contribute to the same industrial value chain.

Resource Details (Export Citation) GTAP Keywords
Category: 2010 Conference Paper
Status: Published
By/In: Presented at the 13th Annual Conference on Global Economic Analysis, Penang, Malaysia
Date: 2010
Created: Wang, Z. (4/15/2010)
Updated: Wang, Z. (4/20/2010)
Visits: 4,002
- The GTAP Data Base and extensions
- Baseline development

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  File format GTAP Resource 3391  (578.1 KB)   Replicated: 0 time(s)

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