PIRAMID: a new methodology to build baselines for CGE models

Krzysztof Wojtowicz, Luis Rey, Umed Temursho, Bert Saveyn, Toon Vandyck, Marie Tamba and Matthias Weitzel

No 333023, Conference papers from Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project

Abstract: Ex ante policy assessments often need to consider economic impacts over the coming decades of for a future point in time, a task which requires a counterfactual view of how the economy would evolve in absence of the policy measure. We present a novel method (PIRAMID)to develop a baseline for CGE models by projecting a consistent combination of data into the future. In a first step, Input-Output tables are projected forward to 2050, along with satellite data and projections from demographic, macroeconomic, and energy system models. In a second step, we calibrate a CGE model to the resulting global, economy-wide dataset. The method captures structural change, is flexible to integrate various data sources and can be shared across different modelling teams, enabling data transparency and fostering an open stakeholder engagement process. JEL codes: C68, D58, F01, Q43, Q58 Keywords: Baseline; CGE modelling; Data integration; Calibration.

Keywords: Research; Methods/; Statistical; Methods (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/333023/files/9339.pdf (application/pdf)

Related works:
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:pugtwp:333023

Access Statistics for this paper

More papers in Conference 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 ().