What is the GTAP model?
The standard GTAP model (named after the Global Trade Analysis Project at Purdue University) is a multiregion, multisector computable general equilibrium model. GTAP-E incorporates energy substitution and carbon emissions into the standard model, and allows international emission trading.
What is GTAP used for?
GTAP (Global Trade Analysis Project) is a global network of researchers and policy makers conducting quantitative analysis of international policy issues. GTAP’s goal is to improve the quality of quantitative analysis of global economic issues within an economy-wide framework.
What does GTAP stand for?
GTAP
| Acronym | Definition |
|---|---|
| GTAP | Global Trade, Assistance, and Production (Purdue University; Indiana) |
| GTAP | Global Talent Acceleration Program (Cisco) |
| GTAP | Global Technical Assistance Program |
| GTAP | Global Trade Analysis Programme (database; trade statistics) |
What is GTAP database?
GTAP (the Global Trade Analysis Project) is a global network of researchers (mostly from universities, international organizations, and economic and climate/resource ministries of governments) who conduct quantitative analysis of international economic policy issues, including trade policy, climate policy, and …
What is Gempack software?
GEMPACK (General Equilibrium Modelling PACKage) is a suite of economic modelling software developed at the Centre of Policy Studies. It is designed to solve computable general equilibrium (CGE) models and is used in over 400 other locations in 60 countries.
What is the meaning of global trade?
Meaning of global trade in English trade in products, services, etc. between different countries: Any progress towards freer global trade depends crucially on leadership from both America and the EU. a global trade agreement/deal The European Commission said that it remained committed to a global trade deal.
What is gravity model in economics?
The gravity model of international trade states that the volume of trade between two countries is proportional to their economic mass and a measure of their relative trade frictions. Perhaps because of its intuitive appeal, the gravity model has been the workhorse model of international trade for more than 50 years.
Is Gtap free?
Versions that are at least 2 releases old are freely available for download. GTAP Summary in Excel Programs – The ‘GTAP Summary in Excel Programs’ are a suite of programs designed to improve access to the GTAP Data Base for non-GEMPACK users.
What are the types of global trade?
There are three types of international trade: Export Trade, Import Trade and Entrepot Trade.
What is an example of global trade?
Definition of Global Trade Global trade, also known as international trade, is simply the import and export of goods and services across international boundaries. For example, a country may import wheat because it doesn’t have much arable land, but export oil because it has oil in abundance.
What is a gravity model in business?
A theory about the structure of market areas. The model states that the volume of purchases by consumers and the frequency of trips to the outlets are a function of the size of the store and the distance between the store and the origin of the shopping trip.
What is an example of gravity model?
Well, Los Angeles is so large that it provides a huge gravitational force for El Paso. The gravity model can also be used to compare the gravitational attraction between two continents, two countries, two states, two counties, or even two neighborhoods within the same city.
How many sectors are there in GTAP 10?
Please note this list is the latest sector listing for GTAP Data Base version 10 and it contains 65 sectors. If you came here for the 57 sector listing, please look here.
How many countries are in the GTAP Data Base?
The 121 countries in the Data Base account for 98% of world GDP and 92% of world population. For each country/region, the Data Base reports production, intermediate and final uses, international trade and transport margins, and taxes/subsidies. This Data Base underlies most, if not all, applied global general equilibrium models.
How is GTAP used in the Trade Analysis Project?
In Economic Effect of the proposed COMESA-SADC-EAC Free Trade Area on Eastern Africa, we will use the GTAP (Global Trade Analysis Project) CGE model and database (8.0 version) to measure the effects of the proposed COMESA-SADC-EAC Free trade area on welfare, trade flows, prices, consumption and production in the region.
How many regions are there in GTAP 8?
The GTAP Data Base is utilized by thousands worldwide and is a key input into contemporary applied general equilibrium analysis of global economic issues. The current release, the GTAP 8 Data Base, boasts dual reference years of 2004 and 2007 as well as 129 regions for all 57 GTAP commodities .