EconPapers    
Economics at your fingertips  
 

A GENERAL WELFARE DECOMPOSITION FOR CGE MODELS

Kevin Hanslow (kjhanslow@telstra.com)

No 28724, Technical Papers from Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project

Abstract: Huff and Hertel (2001) derive a welfare decomposition for the equivalent variation in the GTAP model. The derivation appears to be very specific to GTAP. Nevertheless, it contains nearly all the ingredients required for performing welfare decomposition for any CGE model. In this paper, the approach of Huff and Hertel (2001) is generalised to derive a welfare decomposition that can be applied to most, if not all, CGE models. General production and utility functions are accommodated, as are foreign income flows. A brief guide to coding the proposed welfare decomposition in GEMPACK is also provided. The decomposition is applied to decomposing the equivalent variation in GTAP.

Keywords: International; Relations/Trade (search for similar items in EconPapers)
Pages: 33
Date: 2000
References: Add references at CitEc
Citations: View citations in EconPapers (22)

Downloads: (external link)
https://ageconsearch.umn.edu/record/28724/files/tp19.pdf (application/pdf)

Related works:
Working Paper: A General Welfare Decomposition for CGE Models (2000) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:pugttp:28724

DOI: 10.22004/ag.econ.28724

Access Statistics for this paper

More papers in Technical Papers from Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search (aesearch@umn.edu).

 
Page updated 2024-12-28
Handle: RePEc:ags:pugttp:28724