THEORETICAL STRUCTURE OF DYNAMIC GTAP

Elena Ianchovichina and Robert McDougall

No 28723, Technical Papers from Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project

Abstract: This paper documents the foreign asset ownership and investment theory of the dynamic GTAP model (GTAP-Dyn). The new investment theory offers a disequilibrium approach to modeling endogenously international capital mobility. It permits a recursive solution procedure, a feature that allows easy implementation of dynamics into any static AGE model without imposing limitations on the model's size. The method involves treating time as a variable, not as an index. having time as a variable allows the construction of dynamic GTAP with minimum modifications to the existing structure of GTAP, by separating the theory of static GTAP from the length of run.

Keywords: International; Relations/Trade (search for similar items in EconPapers)
Pages: 71
Date: 2000
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Citations: View citations in EconPapers (87)

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https://ageconsearch.umn.edu/record/28723/files/tp17.pdf (application/pdf)

Related works:
Working Paper: Theoretical Structure of Dynamic GTAP (2000)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:pugttp:28723

DOI: 10.22004/ag.econ.28723

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