Model used in Burfisher, Intro to CGE Models, 3e (2021)
November 2020

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Version: NUS333
Model: Standard GTAPv7 model (uncondensed)
Data: GTAP Data Base version 8.1 (2007) (same as US3x3v8 in Intro to CGE models 2e, but data are compatible with GTAPv7 model)
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I.   SUMMARY

This GTAP model version has a 2-region, 3-activity, 3-commodity, 3-factor data aggregation.  It is used for demonstration in 
Burfisher, Mary E.,  Introduction to Computable General Equilibrium Models, 3e. Cambridge University Press, 2021.

II.   SETS

The 2 regions are:
USA	United States
ROW	Rest of the World

The 3 production activities are:
AGR	food and agriculture
MFG	resources and manufactures
SER	all services

The 3 commodities are:
AGR	food and agriculture
MFG	resources and manufactures
SER	all services

The 3 factors are:
Land
Labor
Capital


III.   EXPERIMENT FILES: SHOCKS, CLOSURES AND SOLUTION METHOD

SHOCKS
The experiments in this version:
- Replicate the tables in the book (except Chapter 8)
- Are used in selected modeling exercises
 
CLOSURES
Standard uncondensed GE closure for GTAPv7 model, except when noted in text

SOLUTION METHODS
The preferred solution method for policy analysis is Gragg 2-4-6 -- with automatic accuracy if large shocks are undertaken. 


