INTERNATIONAL CROSS SECTION ESTIMATES OF DEMAND FOR USE IN THE GTAP MODEL

Jeffrey Reimer and Thomas Hertel

No 28703, Technical Papers from Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project

Abstract: The making of projections often requires an economy-wide perspective, and the estimation of consumer demands at the international level. In this paper, an implicit, directly additive demand system (AIDADS) is estimated using cross-country data on consumer expenditures from the International Comparison Program (ICP), and then from Global Trade Analysis Project (GTAP) data. The two data sets are found to produce results that are quite consistent despite their differing origins, and the fact that the former is based on consumer goods that embody wholesale/retail margins, while margin demands are treated separately in GTAP. Given the similarity of the results, the estimation based on GTAP data is favored because it is readily matched to input-output based production and trade data, and provides valuable new information concerning how aggregate margin expenditures are related to per capita income.

Keywords: Demand and Price Analysis; International Relations/Trade (search for similar items in EconPapers)
Pages: 37
Date: 2004
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Citations: View citations in EconPapers (10)

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https://ageconsearch.umn.edu/record/28703/files/tp040023.pdf (application/pdf)

Related works:
Working Paper: International Cross Section Estimates of Demand for Use in the GTAP Model (2004)
Working Paper: International Cross Section Estimates of Demand for Use in the GTAP Model (2003)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:pugttp:28703

DOI: 10.22004/ag.econ.28703

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