Perfect competition and Constant Returns To Scale

This version:
	- Allows for constant returns to scale
	- Allows perfect competition
        	- Allows for Global free trade simulation with nested and non-nested
          	  Armington
        	- Allows 2 alternative long run closure for seady-state capital
          	  accumulation: Solow (or classic) and Ramsey closures.
        	- Allow for short run static closure with fixed real wages

Experiments and corresponding files:

DEFAULT.EXP (Joe's exp #1) ==>   DEFAULT.CLS; DEFAULT.PRM;  FRTRADE.SHF
NESTA.EXP   (Joe's exp #7) ==>   DEFAULT.CLS;   NESTA.PRM;  FRTRADE.SHF
FIXEDWG.EXP (Joe's exp #10)==>   FIXEDWG.CLS; DEFAULT.PRM;  FRTRADE.SHF
SOLOW.EXP   (Joe's exp #8) ==>   SOLOW.CLS;   DEFAULT.PRM;  FRTRADE.SHF
RAMSEY.EXP  (Joe's exp #9) ==>   RAMSEY.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).
        Four closures are provided, corresponding to default experiment
        (perfect competition and constant returns to scale), short run fixed
        wages, and two long run closures for capital stock adjustments:
        classical (or Solow) and Ramsey steady-states.


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
                        JAP and ROW


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


	CLOSURE

        Five different closures are provided:


        Standard Multiregional GE closure with fixed trade balance
        Closure file :          Default

        Standard Multiregional GE closure with fixed trade balance for nested
        Armington specification:
        Closure file :          NestA

        Standard Multiregional GE closure with fixed trade balance and short
        run fixed wage
        Closure file :          FixedWG

        Standard Multiregional GE closure with steady state capital stock
        adjustment under classical (Solow) savings behavior
        Closure file :          Solow

        Standard Multiregional GE closure with steady state capital stock
        adjustment under Ramsey savings behavior
        Closure file :          Ramsey 



        SOLUTION METHOD: 
             
        MULTI-STEP EULER METHOD                        





