IDEAS home Printed from https://ideas.repec.org/a/eee/ecanpo/v72y2021icp1-17.html
   My bibliography  Save this article

The role of global agricultural market integration in multiregional economic modeling: Using hindcast experiments to validate an Armington model

Author

Listed:
  • Zhao, Xin
  • Calvin, Katherine V.
  • Wise, Marshall A.
  • Iyer, Gokul

Abstract

The representations of international trade and global market integration play central roles in long-term global agricultural economic modeling. However, the conventional use of the gravity models (i.e., the Armington approach) of trade may not adequately account for the dynamic process of market integration. In this paper, we generalize a logit-based Armington approach by permitting home preference bias erosion to account for a trend of global market integration. We build a simple agricultural economic equilibrium model and conduct hindcast experiments to examine the historical trend of market integration. The results show a significant integrating trend of the global agricultural market implied by converging Armington preference distributions (i.e., home bias erosion) in 1995–2015. We demonstrate important implications of allowing the dynamic trend of market integration implied by bias erosion on estimating trade elasticities. By testing the future market integration trend implied by historical home bias integration in the Global Change Analysis Model (GCAM), we show a high sensitivity of long-term agroeconomic projections to future trade and market integration scenarios.

Suggested Citation

  • Zhao, Xin & Calvin, Katherine V. & Wise, Marshall A. & Iyer, Gokul, 2021. "The role of global agricultural market integration in multiregional economic modeling: Using hindcast experiments to validate an Armington model," Economic Analysis and Policy, Elsevier, vol. 72(C), pages 1-17.
    • Handle: RePEc:eee:ecanpo:v:72:y:2021:i:c:p:1-17
    DOI: 10.1016/j.eap.2021.07.007
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0313592621000990
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.eap.2021.07.007?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Angel Aguiar & Badri Narayanan & Robert McDougall, 2016. "An Overview of the GTAP 9 Data Base," Journal of Global Economic Analysis, Center for Global Trade Analysis, Department of Agricultural Economics, Purdue University, vol. 1(1), pages 181-208, June.
    2. Peter B. Dixon & Maureen T. Rimmer, 2010. "Johansen's contribution to CGE modelling: originator and guiding light for 50 years," Centre of Policy Studies/IMPACT Centre Working Papers g-203, Victoria University, Centre of Policy Studies/IMPACT Centre.
    3. Peter Warr, 2008. "The transmission of import prices to domestic prices: an application to Indonesia," Applied Economics Letters, Taylor & Francis Journals, vol. 15(7), pages 499-503.
    4. Peter Egger & Joseph Francois & Miriam Manchin & Douglas Nelson, 2015. "Non-tariff barriers, integration and the transatlantic economy," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 30(83), pages 539-584.
    5. Zhai, Fan, 2008. "Armington Meets Melitz: Introducing Firm Heterogeneity in a Global CGE Model of Trade," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 23, pages 575-604.
    6. Hertel, Thomas & Hummels, David & Ivanic, Maros & Keeney, Roman, 2007. "How confident can we be of CGE-based assessments of Free Trade Agreements?," Economic Modelling, Elsevier, vol. 24(4), pages 611-635, July.
    7. Thomas W. Hertel & Uris Lantz C. Baldos & Dominique van der Mensbrugghe, 2016. "Predicting Long-Term Food Demand, Cropland Use, and Prices," Annual Review of Resource Economics, Annual Reviews, vol. 8(1), pages 417-441, October.
    8. Liu, Jing & Arndt, Channing, 2004. "Parameter Estimation and Measures of Fit in A Global, General Equilibrium Model," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 19, pages 626-649.
    9. Matveenko, Andrei, 2020. "Logit, CES, and rational inattention," Economics Letters, Elsevier, vol. 186(C).
    10. Kehoe, Timothy J & Polo, Clemente & Sancho, Ferran, 1995. "An Evaluation of the Performance of an Applied General Equilibrium Model of the Spanish Economy," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 6(1), pages 115-141, June.
    11. Xin Zhao & Dominique Y van der Mensbrugghe & Roman M. Keeney & Wallace E. Tyner, 2021. "Improving the Way Land Use Change is Handled in Economic Models," World Scientific Book Chapters, in: Peter Dixon & Joseph Francois & Dominique van der Mensbrugghe (ed.), POLICY ANALYSIS AND MODELING OF THE GLOBAL ECONOMY A Festschrift Celebrating Thomas Hertel, chapter 15, pages 467-515, World Scientific Publishing Co. Pte. Ltd..
    12. Russell H. Hillberry & Michael A. Anderson & Edward J. Balistreri & Alan K. Fox, 2005. "Taste Parameters as Model Residuals: Assessing the “Fit” of an Armington Trade Model," Review of International Economics, Wiley Blackwell, vol. 13(5), pages 973-984, November.
    13. Eddy Bekkers & Alessandro Antimiani & Caitlyn Carrico & Dorothee Flaig & Lionel Fontagne & Jean Foure & Joseph Francois & Ken Itakura & Zornitsa Kutlina-Dimitrova & William Powers & Bert Saveyn & Robe, 2020. "Modelling Trade and Other Economic Interactions Between Countries in Baseline Projections," Journal of Global Economic Analysis, Center for Global Trade Analysis, Department of Agricultural Economics, Purdue University, vol. 5(1), pages 273-345, June.
    14. Feenstra, Robert C, 1994. "New Product Varieties and the Measurement of International Prices," American Economic Review, American Economic Association, vol. 84(1), pages 157-177, March.
    15. Fujimori, Shinichiro & Dai, Hancheng & Masui, Toshihiko & Matsuoka, Yuzuru, 2016. "Global energy model hindcasting," Energy, Elsevier, vol. 114(C), pages 293-301.
    16. Katherine Calvin & Marshall Wise & Page Kyle & Pralit Patel & Leon Clarke & Jae Edmonds, 2014. "Trade-offs of different land and bioenergy policies on the path to achieving climate targets," Climatic Change, Springer, vol. 123(3), pages 691-704, April.
    17. Bajzik, Josef & Havranek, Tomas & Irsova, Zuzana & Schwarz, Jiri, 2020. "Estimating the Armington elasticity: The importance of study design and publication bias," Journal of International Economics, Elsevier, vol. 127(C).
    18. Clarke, John F. & Edmonds, J. A., 1993. "Modelling energy technologies in a competitive market," Energy Economics, Elsevier, vol. 15(2), pages 123-129, April.
    19. Parsley, David C. & Wei, Shang-Jin, 2001. "Explaining the border effect: the role of exchange rate variability, shipping costs, and geography," Journal of International Economics, Elsevier, vol. 55(1), pages 87-105, October.
    20. Luciana L. Porfirio & David Newth & John J. Finnigan & Yiyong Cai, 2018. "Economic shifts in agricultural production and trade due to climate change," Palgrave Communications, Palgrave Macmillan, vol. 4(1), pages 1-9, December.
    21. Grübler, Julia & Reiter, Oliver, 2021. "Characterising non-tariff trade policy," Economic Analysis and Policy, Elsevier, vol. 71(C), pages 138-163.
    22. Chaturvedi, Vaibhav & Kim, Sonny & Smith, Steven J. & Clarke, Leon & Yuyu, Zhou & Kyle, Page & Patel, Pralit, 2013. "Model evaluation and hindcasting: An experiment with an integrated assessment model," Energy, Elsevier, vol. 61(C), pages 479-490.
    23. García-Hiernaux, Alfredo & Guerrero, David E. & McAleer, Michael, 2016. "Market integration dynamics and asymptotic price convergence in distribution," Economic Modelling, Elsevier, vol. 52(PB), pages 913-925.
    24. Jafari, Yaghoob & Britz, Wolfgang, 2018. "Modelling heterogeneous firms and non-tariff measures in free trade agreements using Computable General Equilibrium," Economic Modelling, Elsevier, vol. 73(C), pages 279-294.
    25. Balistreri, Edward J. & Tarr, David G., 2020. "Comparison of deep integration in the Melitz, Krugman and Armington models: The case of The Philippines in RCEP," Economic Modelling, Elsevier, vol. 85(C), pages 255-271.
    26. Zhao, Xin & Calvin, Katherine & Wise, Marshall, 2020. "The critical role of conversion cost and comparative advantage in modeling agricultural land use change," 2020 Annual Meeting, July 26-28, Kansas City, Missouri 304204, Agricultural and Applied Economics Association.
    27. Sherman Robinson & Hans Meijl & Dirk Willenbockel & Hugo Valin & Shinichiro Fujimori & Toshihiko Masui & Ron Sands & Marshall Wise & Katherine Calvin & Petr Havlik & Daniel Mason d'Croz & Andrzej Tabe, 2014. "Comparing supply-side specifications in models of global agriculture and the food system," Agricultural Economics, International Association of Agricultural Economists, vol. 45(1), pages 21-35, January.
    28. Dave Donaldson, 2015. "The Gains from Market Integration," Annual Review of Economics, Annual Reviews, vol. 7(1), pages 619-647, August.
    29. Jacks, David S. & Meissner, Christopher M. & Novy, Dennis, 2011. "Trade booms, trade busts, and trade costs," Journal of International Economics, Elsevier, vol. 83(2), pages 185-201, March.
    30. Katherine Calvin & Marshall Wise & Page Kyle & Leon Clarke & Jae Edmonds, 2017. "A Hindcast Experiment Using The Gcam 3.0 Agriculture And Land-Use Module," Climate Change Economics (CCE), World Scientific Publishing Co. Pte. Ltd., vol. 8(01), pages 1-21, February.
    31. Arndt, Channing & Robinson, Sherman & Tarp, Finn, 2002. "Parameter estimation for a computable general equilibrium model: a maximum entropy approach," Economic Modelling, Elsevier, vol. 19(3), pages 375-398, May.
    32. Hakan Yilmazkuday, 2017. "A Solution to the Missing Globalization Puzzle by Non-CES Preferences," Review of International Economics, Wiley Blackwell, vol. 25(3), pages 649-676, August.
    33. Marshall Wise & Kate Calvin & Page Kyle & Patrick Luckow & Jae Edmonds, 2014. "Economic And Physical Modeling Of Land Use In Gcam 3.0 And An Application To Agricultural Productivity, Land, And Terrestrial Carbon," Climate Change Economics (CCE), World Scientific Publishing Co. Pte. Ltd., vol. 5(02), pages 1-22.
    34. Gouel, Christophe & Laborde, David, 2021. "The crucial role of domestic and international market-mediated adaptation to climate change," Journal of Environmental Economics and Management, Elsevier, vol. 106(C).
    35. Guivarch, Céline & Hallegatte, Stéphane & Crassous, Renaud, 2009. "The resilience of the Indian economy to rising oil prices as a validation test for a global energy-environment-economy CGE model," Energy Policy, Elsevier, vol. 37(11), pages 4259-4266, November.
    36. Giray Gozgor, 2019. "Effects of the agricultural commodity and the food price volatility on economic integration: an empirical assessment," Empirical Economics, Springer, vol. 56(1), pages 173-202, January.
    37. Morey, Mitchell, 2016. "Preferences and the home bias in trade," Journal of Development Economics, Elsevier, vol. 121(C), pages 24-37.
    38. Frances C. Moore & Uris Baldos & Thomas Hertel & Delavane Diaz, 2017. "New science of climate change impacts on agriculture implies higher social cost of carbon," Nature Communications, Nature, vol. 8(1), pages 1-9, December.
    39. Dissanayake, Sumali & Mahadevan, Renuka & Asafu-Adjaye, John, 2019. "Is there a role for trade liberalization in mitigating the impacts of climate change on agriculture?," Economic Analysis and Policy, Elsevier, vol. 62(C), pages 307-324.
    40. Frank van Tongeren & Robert Koopman & Stephen Karingi & John Reilly & Joseph Francois, 2021. "Back to the Future: A 25-Year Retrospective on GTAP and the Shaping of a New Agenda," World Scientific Book Chapters, in: Peter Dixon & Joseph Francois & Dominique van der Mensbrugghe (ed.), POLICY ANALYSIS AND MODELING OF THE GLOBAL ECONOMY A Festschrift Celebrating Thomas Hertel, chapter 3, pages 41-93, World Scientific Publishing Co. Pte. Ltd..
    41. Whalley, John & Xin, Xian, 2009. "Home and regional biases and border effects in Armington type models," Economic Modelling, Elsevier, vol. 26(2), pages 309-319, March.
    42. Rob Dellink & Dominique Van der Mensbrugghe & Bert Saveyn, 2020. "Shaping Baseline Scenarios of Economic Activity with CGE Models: Introduction to the Special Issue," Journal of Global Economic Analysis, Center for Global Trade Analysis, Department of Agricultural Economics, Purdue University, vol. 5(1), pages 1-27, June.
    43. Gerald C. Nelson & Dominique Mensbrugghe & Helal Ahammad & Elodie Blanc & Katherine Calvin & Tomoko Hasegawa & Petr Havlik & Edwina Heyhoe & Page Kyle & Hermann Lotze-Campen & Martin Lampe & Daniel Ma, 2014. "Agriculture and climate change in global scenarios: why don't the models agree," Agricultural Economics, International Association of Agricultural Economists, vol. 45(1), pages 85-101, January.
    44. Michiel van Dijk & George Philippidis & Geert Woltjer, 2016. "Catching up with history: A methodology to validate global CGE models," FOODSECURE Technical papers 9, LEI Wageningen UR.
    45. Brian C. O'Neill & Michael Oppenheimer & Rachel Warren & Stephane Hallegatte & Robert E. Kopp & Hans O. Pörtner & Robert Scholes & Joern Birkmann & Wendy Foden & Rachel Licker & Katharine J. Mach & Ph, 2017. "IPCC reasons for concern regarding climate change risks," Nature Climate Change, Nature, vol. 7(1), pages 28-37, January.
    46. Xin Zhao & Katherine V. Calvin & Marshall A. Wise, 2020. "The Critical Role Of Conversion Cost And Comparative Advantage In Modeling Agricultural Land Use Change," Climate Change Economics (CCE), World Scientific Publishing Co. Pte. Ltd., vol. 11(01), pages 1-44, February.
    47. Christoph Schmitz & Hans van Meijl & Page Kyle & Gerald C. Nelson & Shinichiro Fujimori & Angelo Gurgel & Petr Havlik & Edwina Heyhoe & Daniel Mason d'Croz & Alexander Popp & Ron Sands & Andrzej Tabea, 2014. "Land-use change trajectories up to 2050: insights from a global agro-economic model comparison," Agricultural Economics, International Association of Agricultural Economists, vol. 45(1), pages 69-84, January.
    48. Beckman, Jayson & Hertel, Thomas & Tyner, Wallace, 2011. "Validating energy-oriented CGE models," Energy Economics, Elsevier, vol. 33(5), pages 799-806, September.
    49. Pippenger, John & Phillips, Llad, 2008. "Some pitfalls in testing the law of one price in commodity markets," Journal of International Money and Finance, Elsevier, vol. 27(6), pages 915-925, October.
    50. Thursby, Marie C. & Johnson, Paul R. & Grennes, Thomas J., 1986. "The law of one price and the modelling of disaggregated trade flows," Economic Modelling, Elsevier, vol. 3(4), pages 293-302, October.
    51. Martin Lampe & Dirk Willenbockel & Helal Ahammad & Elodie Blanc & Yongxia Cai & Katherine Calvin & Shinichiro Fujimori & Tomoko Hasegawa & Petr Havlik & Edwina Heyhoe & Page Kyle & Hermann Lotze-Campe, 2014. "Why do global long-term scenarios for agriculture differ? An overview of the AgMIP Global Economic Model Intercomparison," Agricultural Economics, International Association of Agricultural Economists, vol. 45(1), pages 3-20, January.
    52. Kym Anderson, 2010. "Globalisation's Effects on World Agricultural Trade, 1960 to 2050," Centre for International Economic Studies Working Papers 2010-11, University of Adelaide, Centre for International Economic Studies.
    53. Abigail Snyder & Katherine Calvin & Leon Clarke & James Edmonds & Page Kyle & Kanishka Narayan & Alan Di Vittorio & Stephanie Waldhoff & Marshall Wise & Pralit Patel, 2020. "The domestic and international implications of future climate for U.S. agriculture in GCAM," PLOS ONE, Public Library of Science, vol. 15(8), pages 1-11, August.
    54. Hong, Chanyoung & Yang, Heewon & Hwang, Wonsik & Lee, Jeong-Dong, 2014. "Validation of an R&D-based computable general equilibrium model," Economic Modelling, Elsevier, vol. 42(C), pages 454-463.
    55. Jonathan Eaton & Samuel Kortum, 2002. "Technology, Geography, and Trade," Econometrica, Econometric Society, vol. 70(5), pages 1741-1779, September.
    56. Goodwin, Barry K. & Grennes, Thomas & Wohlgenant, Michael K., 1990. "Testing the law of one price when trade takes time," Journal of International Money and Finance, Elsevier, vol. 9(1), pages 21-40, March.
    57. Peter B. Dixon & Maureen T. Rimmer, 2010. "Validating a Detailed, Dynamic CGE Model of the USA," The Economic Record, The Economic Society of Australia, vol. 86(s1), pages 22-34, September.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Xinru Miao & Shaopeng Wang & Jiqin Han & Zhaoyi Ren & Teng Ma & Henglang Xie, 2024. "The Regional Heterogeneity of the Impact of Agricultural Market Integration on Regional Economic Development: An Analysis of Pre-COVID-19 Data in China," Sustainability, MDPI, vol. 16(5), pages 1-33, February.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Zhao, Xin & Calvin, Katherine & Wise, Marshall & Iyer, Gokul, 2021. "The role of global agricultural market integration in multiregional economic modeling: using hindcast experiments to validate an Armington model," Conference papers 333309, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    2. Hertel, Thomas, 2013. "Global Applied General Equilibrium Analysis Using the Global Trade Analysis Project Framework," Handbook of Computable General Equilibrium Modeling, in: Peter B. Dixon & Dale Jorgenson (ed.), Handbook of Computable General Equilibrium Modeling, edition 1, volume 1, chapter 0, pages 815-876, Elsevier.
    3. Glotin, David & Bourgeois, Cyril & Giraudet, Louis-Gaëtan & Quirion, Philippe, 2019. "Prediction is difficult, even when it's about the past: A hindcast experiment using Res-IRF, an integrated energy-economy model," Energy Economics, Elsevier, vol. 84(S1).
    4. Elke Stehfest & Willem-Jan Zeist & Hugo Valin & Petr Havlik & Alexander Popp & Page Kyle & Andrzej Tabeau & Daniel Mason-D’Croz & Tomoko Hasegawa & Benjamin L. Bodirsky & Katherine Calvin & Jonathan C, 2019. "Key determinants of global land-use projections," Nature Communications, Nature, vol. 10(1), pages 1-10, December.
    5. Qu, Yang & Swales, J. Kim & Hooper, Tara & Austen, Melanie C. & Wang, Xinhao & Papathanasopoulou, Eleni & Huang, Junling & Yan, Xiaoyu, 2023. "Economic trade-offs in marine resource use between offshore wind farms and fisheries in Scottish waters," Energy Economics, Elsevier, vol. 125(C).
    6. Zhao, Xin & Calvin, Katherine & Wise, Marshall, 2020. "The critical role of conversion cost and comparative advantage in modeling agricultural land use change," 2020 Annual Meeting, July 26-28, Kansas City, Missouri 304204, Agricultural and Applied Economics Association.
    7. Sampedro, Jon & Kyle, Page & Ramig, Christopher W. & Tanner, Daniel & Huster, Jonathan E. & Wise, Marshall A., 2021. "Dynamic linking of upstream energy and freight demands for bio and fossil energy pathways in the Global Change Analysis Model," Applied Energy, Elsevier, vol. 302(C).
    8. Dixon, Peter B. & Rimmer, Maureen T., 2013. "Validation in Computable General Equilibrium Modeling," Handbook of Computable General Equilibrium Modeling, in: Peter B. Dixon & Dale Jorgenson (ed.), Handbook of Computable General Equilibrium Modeling, edition 1, volume 1, chapter 0, pages 1271-1330, Elsevier.
    9. Xin Zhao & Katherine V. Calvin & Marshall A. Wise, 2020. "The Critical Role Of Conversion Cost And Comparative Advantage In Modeling Agricultural Land Use Change," Climate Change Economics (CCE), World Scientific Publishing Co. Pte. Ltd., vol. 11(01), pages 1-44, February.
    10. Xin Zhao & Bryan K. Mignone & Marshall A. Wise & Haewon C. McJeon, 2024. "Trade-offs in land-based carbon removal measures under 1.5 °C and 2 °C futures," Nature Communications, Nature, vol. 15(1), pages 1-13, December.
    11. Maros Ivanic & Jayson Beckman & Noe Nava, 2023. "Estimation of the Value-Added/Intermediate Input Substitution Elasticities Consistent with the GTAP Data," Journal of Global Economic Analysis, Center for Global Trade Analysis, Department of Agricultural Economics, Purdue University, vol. 8(2), pages 134-158, December.
    12. Palazzo,Amanda & Valin,Hugo Jean Pierre & Batka,Miroslav & Havlík,Petr, 2019. "Investment Needs for Irrigation Infrastructure along Different Socioeconomic Pathways," Policy Research Working Paper Series 8744, The World Bank.
    13. Johannes Ziesmer & Ding Jin & Sneha D Thube & Christian Henning, 2023. "A Dynamic Baseline Calibration Procedure for CGE models," Computational Economics, Springer;Society for Computational Economics, vol. 61(4), pages 1331-1368, April.
    14. Christoph Schmitz & Hans van Meijl & Page Kyle & Gerald C. Nelson & Shinichiro Fujimori & Angelo Gurgel & Petr Havlik & Edwina Heyhoe & Daniel Mason d'Croz & Alexander Popp & Ron Sands & Andrzej Tabea, 2014. "Land-use change trajectories up to 2050: insights from a global agro-economic model comparison," Agricultural Economics, International Association of Agricultural Economists, vol. 45(1), pages 69-84, January.
    15. Sands, Ronald & Jones, Carol & Marshall, Elizabeth P., 2014. "Global Drivers of Agricultural Demand and Supply," Economic Research Report 186137, United States Department of Agriculture, Economic Research Service.
    16. Winchester, Niven & White, Dominic, 2022. "The Climate PoLicy ANalysis (C-PLAN) Model, Version 1.0," Energy Economics, Elsevier, vol. 108(C).
    17. Hermann Lotze-Campen & Martin Lampe & Page Kyle & Shinichiro Fujimori & Petr Havlik & Hans Meijl & Tomoko Hasegawa & Alexander Popp & Christoph Schmitz & Andrzej Tabeau & Hugo Valin & Dirk Willenbocke, 2014. "Impacts of increased bioenergy demand on global food markets: an AgMIP economic model intercomparison," Agricultural Economics, International Association of Agricultural Economists, vol. 45(1), pages 103-116, January.
    18. Hillberry, Russell & Hummels, David, 2013. "Trade Elasticity Parameters for a Computable General Equilibrium Model," Handbook of Computable General Equilibrium Modeling, in: Peter B. Dixon & Dale Jorgenson (ed.), Handbook of Computable General Equilibrium Modeling, edition 1, volume 1, chapter 0, pages 1213-1269, Elsevier.
    19. Xin Zhao & Dominique Y van der Mensbrugghe & Roman M. Keeney & Wallace E. Tyner, 2021. "Improving the Way Land Use Change is Handled in Economic Models," World Scientific Book Chapters, in: Peter Dixon & Joseph Francois & Dominique van der Mensbrugghe (ed.), POLICY ANALYSIS AND MODELING OF THE GLOBAL ECONOMY A Festschrift Celebrating Thomas Hertel, chapter 15, pages 467-515, World Scientific Publishing Co. Pte. Ltd..
    20. Frank van Tongeren & Robert Koopman & Stephen Karingi & John Reilly & Joseph Francois, 2021. "Back to the Future: A 25-Year Retrospective on GTAP and the Shaping of a New Agenda," World Scientific Book Chapters, in: Peter Dixon & Joseph Francois & Dominique van der Mensbrugghe (ed.), POLICY ANALYSIS AND MODELING OF THE GLOBAL ECONOMY A Festschrift Celebrating Thomas Hertel, chapter 3, pages 41-93, World Scientific Publishing Co. Pte. Ltd..

    More about this item

    Keywords

    Hindcast validation; Home bias erosion; Market integration; Armington; Agricultural trade;
    All these keywords.

    JEL classification:

    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
    • F15 - International Economics - - Trade - - - Economic Integration
    • F18 - International Economics - - Trade - - - Trade and Environment
    • Q17 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agriculture in International Trade
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:ecanpo:v:72:y:2021:i:c:p:1-17. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.journals.elsevier.com/economic-analysis-and-policy .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.