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GTAP Resource #6057

"The role of trade elasticities in shaping uncertainty in CGE policy outcomes"
by Aguiar, Angel, Maksym Chepeliev, Alla Golub, Thomas Hertel, Anson Soderbery and Dominique van der Mensbrugghe

Computable general equilibrium (CGE) models have become a widespread method to assess economy-wide and sectoral impacts of trade policies. While the results of simulations with these models depend on a number of inputs, trade elasticities are of particular interest because of their significant impact on modeled trade patterns, welfare and factor returns. Our objective is to implement and evaluate, within the context of a CGE model, an up-to-date set of trade elasticities, and investigate the role of these parameters in key trade policy modelling uncertainties.

Resource Details (Export Citation) GTAP Keywords
Category: 2020 Conference Paper
Status: Published
By/In: Presented during the 23rd Annual Conference on Global Economic Analysis (Virtual Conference)
Date: 2020
Created: Golub, A. (4/14/2020)
Updated: Golub, A. (5/17/2020)
Visits: 1,542
- Calibration and parameter estimation

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