GTAP Resources: Resource Display
GTAP Resource #404 |
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"A New Regional Household Demand System for GTAP" by McDougall, Robert Abstract 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. |
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Public Access GTAP Working Paper No. 14 (298.0 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 1:05:45 PM