A New Regional Household Demand System for GTAP

Robert McDougall

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

Abstract: The GTAP final demand system has some known defects: the computation of the equivalent variation is not exact; with non-standard demand parameters, the equivalent variation may be grossly in error; the decomposition of the equivalent variation contains a nuisance term. We find a further defect, that the upper-level demand equations are invalid. We revise the model to remove these defects.

Date: 2000
Note: GTAP Working Paper No. 14
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Citations: View citations in EconPapers (17)

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Related works:
Working Paper: A New Regional Household Demand System for GTAP (2002)
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Persistent link: https://EconPapers.repec.org/RePEc:gta:workpp:404

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