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GTAP Resource #404

"A New Regional Household Demand System for GTAP"
by McDougall, Robert

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, that the upper-level demand equations are invalid. We revise the model to remove these defects.

Resource Details (Export Citation) GTAP Keywords
Category: Working Paper
Status: Not published
By/In: GTAP Working Paper No. 14
Date: 2000
Created: Bacou, M. (10/20/2000)
Updated: Bacou, M. (5/23/2001)
Visits: 35,200
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