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Impacts of Exogenous Shocks Using GTAP

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  • durongkaveroj, wannaphong

Abstract

This paper aims at investigating the sectoral impacts from exogenous shocks using CGE model through GTAP model which is implemented by GEMPACK. Three shocks include population growth in NAFTA region, Industrial Growth in Thailand, and Income Growth (measured by GDP) in NAFTA region. The result was very precise and benefit to policymakers corresponding to the objective of CGE model. According to the results, relatively, income growth in NAFTA region yields a highest welfare effect among all shocks which confirms the standard welfare functions.

Suggested Citation

  • durongkaveroj, wannaphong, 2013. "Impacts of Exogenous Shocks Using GTAP," MPRA Paper 52216, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:52216
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    File URL: https://mpra.ub.uni-muenchen.de/52216/1/MPRA_paper_52216.pdf
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    References listed on IDEAS

    as
    1. Hertel, Thomas, 1997. "Global Trade Analysis: Modeling and applications," GTAP Books, Center for Global Trade Analysis, Department of Agricultural Economics, Purdue University, number 7685, December.
    2. Harslett, Philip, 2013. "The GTAP Data Base Construction Procedure," GTAP Working Papers 4289, Center for Global Trade Analysis, Department of Agricultural Economics, Purdue University.
    3. Harslett, Philip, 2013. "The GTAP Data Base Construction Procedure," Working papers 283494, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
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    Cited by:

    1. Wannaphong Durongkaveroj and Rossarin Osathanunkul & Rossarin Osathanunkul, 2013. "Regional multipliers of social accounting matrix and the effective eradication of poverty," The Empirical Econometrics and Quantitative Economics Letters, Faculty of Economics, Chiang Mai University, vol. 2(4), pages 39-52, December.

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    More about this item

    Keywords

    CGE model; GTAP; exogenous shock;
    All these keywords.

    JEL classification:

    • A1 - General Economics and Teaching - - General Economics
    • C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models
    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • E65 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Studies of Particular Policy Episodes

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