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Aggregation by Industry in High-Dimensional Models

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  • Lloyd, Peter J

Abstract

Models of trading economies have become very large in dimensions and complex in structure. Conditions which are sufficient for aggregation in production and/or consumption are derived. They require the existence of linearly homogeneous indices of production and/or consumption in the industries or sufficient similarity among agents. These methods are applied to the Armington model and to a group of models in which the commodities in an industry are defined on a continuum. The results are applied to the method of constructing general-equilibrium models with many commodities, tests of comparative advantage, and the measurement of effective protection in multicommodity industries. Copyright 1994 by Blackwell Publishing Ltd.

Suggested Citation

  • Lloyd, Peter J, 1994. "Aggregation by Industry in High-Dimensional Models," Review of International Economics, Wiley Blackwell, vol. 2(2), pages 97-111, June.
    • Handle: RePEc:bla:reviec:v:2:y:1994:i:2:p:97-111
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    Cited by:

    1. Katrakilidis, Constantinos P. & Mardas, Dimitri, 2011. "Intra-industry Trade in Agricultural Products at intra-EC level: The Impact of the Common Agricultural Policy (CAP) Funds," Agricultural Economics Review, Greek Association of Agricultural Economists, vol. 12(2).
    2. Bach, Christian F. & Martin, Will, 2001. "Would the right tariff aggregator for policy analysis please stand up?," Journal of Policy Modeling, Elsevier, vol. 23(6), pages 621-635, August.
    3. Andrea Bigano & Maria Berrittella & Roberto Roson & Richard S.J. Tol, 2004. "A General Equilibrium Analysis of Climate Change Impacts on Tourism," Working Papers 2004.127, Fondazione Eni Enrico Mattei.
    4. Manrique-de-Lara-Peñate, Casiano & Santos‐Peñate, Dolores, 2009. "Comparison of Different Updating Procedures and Identification of Temporal Patterns," Conference papers 331854, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    5. repec:kap:iaecre:v:14:y:2008:i:4:p:355-368 is not listed on IDEAS
    6. Dimitri Mardas & Chistos Nikas, 2008. "European Integration, Intra-industry Trade in Vertically Differentiated Products and the Balkan Countries," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 14(4), pages 355-368, November.

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