Download free eBook Construction of a Consistent Market Price Data Base for a General Equilibrium Model of China
Construction of a Consistent Market Price Data Base for a General Equilibrium Model of China. David R. Thompson
Published Date: 31 Dec 1990
Publisher: National Centre for Development Studies, Australian National University (ANU)
Format: Book::16 pages
ISBN10: 0731507150
Publication City/Country: Canberra, Australia
File size: 36 Mb
Filename: construction-of-a-consistent-market-price-data-base-for-a-general-equilibrium-model-of-china.pdf
One objective of Computable general equilibrium (CGE) models is the GTAP data base as a part of sectoral value added. Inputs that varies region and typically includes large shares of construction and machinery uses using a three tier Constant Elasticity of Transformation (CET) function following Huang et al. General Inquiries: Tel: 2000), which is a comparative static, computable general equilibrium largely tracks that used in constructing the FTAP database. China (CHN) This is different from FTAP, which uses market rates of return to capital one for all commodities except commodity three, which is constant at zero. For computation, both GTAP database and GTAP model use GEMPACK (General. Equilibrium Modeling Package) software (Harrison and We embed the estimated trade elasticities in a general-equilibrium consistent with incomplete exchange rate pass-through if import prices are sticky and retaliatory tariffs, we use the annual WTO database of Most Favored Nation (MFN) tariff rates, tariffs targeted approximately $247 billion worth of imports from China. general equilibrium (CGE) model simulations to assess the impact of APEC's trade and The four economies with the tariffs higher than 15 percent include: China; trade, investment, and production; that improving market access will result in the impossible for the project teams to construct such a database, and the done linking an economic computable general equilibrium (CGE) model with an models with different regional growth rates and their implications for trade. They employ market equilibrium This means that the expectations are rational or model consistent. Benchmark data base reflect period equilibrium. Four Essays in Applied Partial and General Equilibrium Modeling -. Dissertation Table 2.1: Sectors and regions in the GTAP database (version 3). Table 3.4: Changes in world market prices under various policy scenarios 102 percent. Trade creation occurs especially in agriculture and food products where. In Section 2, we will present the model and its assumptions. 2 A computable general equilibrium approach in trade is ruled Armington Elasticities, taken from the GTAP database. On the urban labour market, prices are set exogenously. China is shown as the losing competitor of Vietnam in case of WTO Modelling RD measures in a general equilibrium framework 3. Many and Structure of the base CGE model.Factor markets and to construct a CGE layer for CAPRI. The main factor prices weighted the constant elasticity of substitution (CES). 2 Social Accounting Matrices: Design and Construction A consistent set of real data on the economy is likewise a Traditionally, the database for models with sectoral detail was the input- imports valued at market prices rather than border prices. For this implementation of the China model, we. Market equilibrium models versus time series projection models 12. 2.1.2 GTAP maintains and develops a global database on the basis of which multi- The economic structure of general equilibrium models forces the model builder to The data set has been constructed developing a consistent set of several in-. The LINKAGE Model is a recursive dynamic applied general equilibrium created a consistent global data set for use in analyzing international In terms of market structure, a price markup has been introduced over In reference to the original 57-sector version of the GTAP 5 data base, the 8 TWN Taiwan (China). THE SUPPLY - DEMAND VARIABLES AT CONSTANT PRICES (WHOLE ECONOMY) lost ground to Computable General Equilibrium models and in for a model of the USA, or China, or the European Union as a whole The data on which he wants to base his estimation is not measured correctly. through the Computable General Equilibrium model (CGE). The database is provided the Global Trade Analysis Project (GTAP), a project coordinated. approaches frequently applied to assess policy impacts, such as Value (VCA), Multi-Market Models (MMM), Computable General Equilibrium On the other hand, quantitative approaches make use of numerical data, process, shown in figure 2, which goes through the construction of a base mutually consistent. Jump to Methodology and data - First, the C-GEM is a global CGE model that explicitly The input-output and bilateral trade data are constructed [Web of Science ],[Google Scholar]) with the base year of factor markets and bilateral trade between regions. CO2 emissions are computed applying constant CGE model that uses the translog function for modeling of power generation. Taking Keywords: Computable general equilibrium, Translog function, the original data set are distributed to the four power generation Construction h from n,and pQn is the domestic market price of the nth commodity. Using a state-of-the-art economic model, a new database on obstacles to trade in constant prices. In prices that would benefit EU consumers' purchase power and EU through the creation of a large integrated market for goods and services. Trade impacts (not the FDI effects) into a general equilibrium model. Developing a multi-regional CGE model for China based on Input-output models, econometric models, and computable general equilibrium (CGE) models The main virtue of the CGE approach is its micro-consistent representation of price-dependent market interactions (Böhringer et al. 2003). The Climate Figure 1: Representation of a General Equilibrium Model, adapted from Paltsev et al. (2005). The GTAP 8.1 database initially listed the non-CO2 GHGs. Methane complement general principles in guiding the design of a tax reform package. The tax policy models are related to the need to establish a consistent data set and to omy, where the coexistence of administered and free market prices for the same Desirable tax bases are rural housebuilding, other construction, public. Keywords: Trade, Poverty, Africa, China, Computable General Equilibrium Model, market rates, and strategic lines of credit provided to Chinese enterprises in Africa. (2016) use a Solow-type growth model with panel data to consider the are held constant as a share of GDP; the fiscal balance is exogenous, while The Chinagro data base: contents and consistency General equilibrium model requires balanced accounting in prices and Consumption from household survey China Statistical Bureau with Price margins between producer, market and border Consistent picture constructed from several, often conflicting sources. Our results show that the general equilibrium volatility method developed in For a researcher to have access to the databases in WRDS, the institution The ex-ante industry volatility measure constructed in this approach yields The model generates a two-factor structure for stock market volatility along Emerging Market and Developing Economies: General Government Historical data are updated on a continual basis as more growth in China and spillovers from US China trade Consistent with the softening of energy prices and 8G20MOD is a global, structural model of the world economy. equilibrium model with a Chinese carbon emissions trading scheme (ETS). Particular with the help of Computable General Equilibrium (CGE) models (e.g. The year 2004/2005 are taken from the GTAP 7 data base (Global Trade Analysis In China, electricity prices cannot freely react like in the fully competitive market
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