GTAP Resources: Resource Display
| GTAP Resource #891 |
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"On the Construction of an Intertemporal World Model of Growth, Accumulation and Trade" by Diao, Xinshen and A. Erinc Yeldan Abstract A multi-region, dynamic computable general equilibrium model is introduced to study issues of accumulation, growth, and consumer welfare in the context of a global economy segmented into polar blocs. The model is based on intertemporal optimization behavior of forward-looking Ramsey-consumers with three endogenously specified world regions --Rich, Poor, and the Middle Income; and four aggregated sectors. We calibrate the model to the recent GTAP data base, and present a simulation experiment addressing to the dynamic effects of a productivity decline in agriculture of the industrial Rich region. We report both the transition and the steady state equilibrium paths following the productivity shock. |
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- Economic growth |
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Last Modified: 9/15/2023 2:05:45 PM
