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Theoretical Structure of Dynamic GTAP

Elena Ianchovichina and Robert McDougall

GTAP Technical Papers from Center for Global Trade Analysis, Department of Agricultural Economics, Purdue University

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.

Date: 2000
Note: GTAP Technical Paper No. 17
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Working Paper: THEORETICAL STRUCTURE OF DYNAMIC GTAP (2000) Downloads
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