Average pricing and IRTS

Experiment and corresponding files:

DEFAULT.EXP (Joe's Exp # 2) ==> DEFAULT.CLS;  DEFAULT.PRM;  FRTRADE.SHF


See the GTAP Web Page for more information about these experiments and how to 
use them to learn about RunGTAP and GEMPACK.

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I.	SUMMARY

        This version of GTAP uses a 3-good (manufactures, food, and services),
        2-region aggregation (Japan and Rest-of-World).
        One closure is provided corresponding to default experiment
        (IRTS plus average cost pricing in manufacturing sector)


II.	REGIONS AND COMMODITIES


The regions are:
        Japan                                                   JAPAN
	Rest of the World                           		ROW

The 3 goods are:
        food, agriculture, and resources                        PRIMARY
        manufactures                                            MANUFACTURES
        all services                                            SERVICES



III.	EXPERIMENT FILES: SHOCKS, CLOSURES AND SOLUTION METHOD- :

        Use the "Hands-on Document to Introduce GEMPACK, GTAP and RunGTAP"
        in GTAP's web site. It contains a step by step guide to the use of
        RunGTAP: generating shocks, running experiments, looking at the
        results, saving experiments and results. This aggregation includes
        two shock files that can be loaded to simulate the experiments as
        explained below.

	SHOCKS

One set of shocks is provided as SHF file called FRTrade.shf which could be
used in any of the 4 closures.  This shock statements read from two shock
files:

                TMS.SHK: this file includes all the shocks necessary to
                        full removal of import tariffs between JAP and ROW

                TXS.SHK: this file includes all the shocks necessary to
                        eliminate the ad valorem export tariff rate between
                        JAPAN and ROW


Use the "Load File of Shocks" button on the shocks page to access the SHF
file: FRTRADE.SHF.


	CLOSURE

        Standard Multiregional GE closure with IRTS
        Closure file :          Default





        SOLUTION METHOD: 
             
        MULTI-STEP EULER METHOD                        

