The role of trade elasticities in shaping uncertainty in CGE policy outcomes

Angel Aguiar Román, Maksym Chepeliev, Alla Golub, Thomas Hertel, Anson Soderbery () and Dominique van der Mensbrugghe

No 333206, Conference papers from Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project

Abstract: Computable general equilibrium (CGE) models have become a widespread method to assess economy-wide and sectoral impacts of trade policies. While the results of simulations with these models depend on a number of inputs, trade elasticities are of particular interest because of their significant impact on modeled trade patterns, welfare and factor returns. Our objective is to implement and evaluate, within the context of a CGE model, an up-to-date set of trade elasticities, and investigate the role of these parameters in key trade policy modelling uncertainties.

Keywords: International Relations/Trade; Agricultural and Food Policy (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:ags:pugtwp:333206

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