A Graphical Exposition of the GTAP Model

By M. Brockmeier. GTAP Technical Paper Series, 2000

150 citations recorded by the source corpus.

This paper offers a graphical exposition of the GTAP model of global trade. Particular emphasis is placed on the accounting, or equilibrium, relationships in the model. It begins with a treatment of the a one region version of GTAP, thereafter adding a rest of world region to highlight the treatment of trade flows in the model. The implementation of policy instruments in GTAP is also explored, using simple supply-demand graphics. The material provided in this paper was first developed as an introduction to GTAP for participants taking the annual short course. Based on its success in that venue, this paper has been placed on the "highly recommended" reading list for individuals seeking an introduction and overview of the GTAP framework. This paper offers a graphical exposition of the GTAP model of global trade. Particular emphasis is placed on the accounting, or equilibrium, relationships in the model. It begins with a treatment of the a one region version of GTAP, thereafter adding a rest of world region to highlight the treatment of trade flows in the model. The implementation of policy instruments in GTAP is also explored, using simple supply-demand graphics. The material provided in this paper was first developed as an introduction to GTAP for participants taking the annual short course. Based on its success in that venue, this paper has been placed on the highly recommended reading list for individuals seeking an introduction and overview of the GTAP framework.

Subfields: Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/82c70b7a3fc952ea9362b0a2802ce6f1d01a63f2

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Citations in the corpus

The Global Impacts of Biofuel Mandates (2010, background): “As represented in the figure below (Brockmeier, 1996), the regional household (e.”
The Poverty Implications of Climate-Induced Crop Yield Changes by 2030 (2010, background): “As repre- sented in the figure below (Brockmeier, 2001), the regional household (e.g., the EU) collects all the income in its region and spends it over three expenditure types – private household (consumer), govern- ment, and savings, as governed by a Cobb-Douglas utility function.”
Structure of GTAP (2000, methodology): “2 [also taken from Brockmeier (1996)] introduces international trade by adding another region, Rest of the World (ROW), at the bottom of the figure.”