2021 Short Course in Dynamic Global Trade Analysis “Applied General Equilibrium Analysis using a Dynamic Multi-Region Model”
Background and Objectives
The objective of this course is to introduce participants to dynamic economic analysis in an applied general equilibrium setting. This course is designed to provide participants with ample hands-on training with software that has been tailored for undertaking analysis using a dynamic recursive model. Participants will interact with economists working on global trade and environmental issues using a dynamic model. The end goal of the course is for participants to leave with the capability of conducting and analyzing their own dynamic simulations.
Features of the newly developed multi-region, multi-sector general equilibrium model include:
- Recursive dynamics based on the GTAP Model (v7), including parameters by region and the flexibility of a make matrix that allows activities to produce one or more commodities
- “Twist” preference parameters to capture domestic-imported bundle shifts and capital-labor changes over time
Course participants will learn to aggregate their economic database and develop a business as usual scenario using information from the Shared Socioeconomic Pathways, which has been annualized for ease of use.
|Course Application||June 27|