IDEAS home Printed from https://ideas.repec.org/p/ags/pugtwp/332384.html
   My bibliography  Save this paper

Capital Vintages and Technology Diffusion in Global Models

Author

Listed:
  • McDonald, Scott
  • Thierfelder, Karen
  • Walmsley, Terrie

Abstract

This paper provides an examination of the implications associate with different types of technological change for the operation of recursive dynamic CGE models. The analyses contrast the implications of different types of technical changes – Hicks, Harrod and Solow neutral – for model performance and analyses the importance of tracking capital vintages to ensure that capital services as opposed to capital stocks are used in the model’s production functions. In addition it is noted that the interpretation of technical change in most CGE models does not coincide with the interpretation in the productivity literature; the adjustments necessary to calibrate recursive dynamic models are identified.

Suggested Citation

  • McDonald, Scott & Thierfelder, Karen & Walmsley, Terrie, 2013. "Capital Vintages and Technology Diffusion in Global Models," Conference papers 332384, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
  • Handle: RePEc:ags:pugtwp:332384
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/332384/files/6365.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Jaime de MELO & Sherman ROBINSON, 2015. "Product Differentiation And The Treatment Of Foreign Trade In Computable General Equilibrium Models Of Small Economies," World Scientific Book Chapters, in: Modeling Developing Countries' Policies in General Equilibrium, chapter 2, pages 21-41, World Scientific Publishing Co. Pte. Ltd..
    2. Kilkenny, Maureen & Robinson, Sherman, 1990. "Computable general equilibrium analysis of agricultural liberalization: Factor mobility and macro closure," Journal of Policy Modeling, Elsevier, vol. 12(3), pages 527-556.
    3. Devaragan, Shantayanan & Lewis, Jeffrey D. & Robinson, Sherman, 1990. "Policy lessons from trade-focused, two-sector models," Journal of Policy Modeling, Elsevier, vol. 12(4), pages 625-657.
    4. 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.
    Full references (including those not matched with items on IDEAS)

    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. Scott McDonald & Sherman Robinson & Karen Thierfelder, 2007. "Globe: A SAM Based Global CGE Model using GTAP Data," Departmental Working Papers 14, United States Naval Academy Department of Economics.
    2. McDonald, Scott & Thierfelder, Karen & Walmsley, Terrie, 2014. "Factor Market Flexibility and the Implications of Trade Policy Reforms," Conference papers 332469, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    3. Abdella, Amin & Araige, Emerta & McDonald, Scott, 2013. "Food Price Shocks and their Impacts on Ethiopia: Policy Options to Lessen the Impacts on the Poor," Conference papers 332409, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    4. Tanaka, Tetsuji & Hosoe, Nobuhiro, 2007. "Productivity Shock and National Food Security for Japan," Conference papers 331597, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    5. Lewis, Jeffrey D. & Robinson, Sherman & Wang, Zhi, 1995. "Beyond the Uruguay Round: The implications of an Asian free trade area," China Economic Review, Elsevier, vol. 6(1), pages 35-90.
    6. Haita, Corina, 2011. "An Emissions Trading Scheme with Auctioning," Conference papers 332086, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    7. Go, Delfin & McDonald, Scott & Thierfelder, Karen & Walmsley, Terrie, 2014. "R-2-3: A Simple Global CGE Analysis Focusing on Macroeconomic Links," Conference papers 332452, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    8. Adkins, Liwayway G. & Garbaccio, Richard F., 2007. "Coordinating Global Trade and Environmental Policy: The Role of Pre-Existing Distortions," Conference papers 331592, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    9. Bruno Lanz & Thomas F. Rutherford, 2016. "GTAPINGAMS, version 9: Multiregional and small open economy models with alternative demand systems," IRENE Working Papers 16-08, IRENE Institute of Economic Research.
    10. Hinojosa-Ojeda, Raul A. & Robinson, Sherman & De Paolis, Fernando, 1999. "Regional integration among the unequal: a CGE model of NAFTA and the Central American republics," The North American Journal of Economics and Finance, Elsevier, vol. 10(1), pages 235-292.
    11. Dimaranan, Betina V., 2006. "Trade Policy Options for the Philippines: A Preliminary Assessment," Conference papers 331528, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    12. Osman, Rehab Osman Mohamed, 2012. "The EU Economic Partnership Agreements with Southern Africa: a computable general equilibrium analysis," Economics PhD Theses 0412, Department of Economics, University of Sussex Business School.
    13. Vos, R.P. & Ganuza, E. & Morley, S. & Robinson, S. & Pineiro, V., 2004. "Are export promotion and trade liberalization good for Latin America's poor? : a comparative macro-micro CGE analysis," ISS Working Papers - General Series 19158, International Institute of Social Studies of Erasmus University Rotterdam (ISS), The Hague.
    14. Scott McDonald & Karen Thierfelder, 2005. "Impact of Switching Production to Bioenergy Crops: The Switchgrass Example January 2005," Working Papers 2005002, The University of Sheffield, Department of Economics, revised Jan 2005.
    15. Bchir, Mohamed Hedi & Fouquin, Michel, 2005. "Comparing Bilateral and Multilateral ASEAN-10+4 Free Trade Agreements Possible Impacts on Member and Non-member countries," Conference papers 331401, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    16. Koen Dillen & Emanuele Ferrari & Pascal Tillie & George Philippidis & Sophie Helaine, 2013. "Contribution to the economic impact assessment of policy options to regulate animal cloning for food production with an economic simulation model," JRC Research Reports JRC79995, Joint Research Centre.
    17. McDonald, Scott & Robinson, Sherman & Thierfelder, Karen, 2006. "Impact of switching production to bioenergy crops: The switchgrass example," Energy Economics, Elsevier, vol. 28(2), pages 243-265, March.
    18. Shantong, Li & Jianwu, He, 2008. "Regional Energy/Envionmental Policy and Leakage Effect," Conference papers 331711, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    19. Konan, Denise Eby & Maskus, Keith E., 2006. "Quantifying the impact of services liberalization in a developing country," Journal of Development Economics, Elsevier, vol. 81(1), pages 142-162, October.
    20. Mutambatsere, Emelly, 2006. "Trade Policy Reforms in the Cereals Sector of the SADC Region: Implications on Food Security," Working Papers 127055, Cornell University, Department of Applied Economics and Management.

    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:ags:pugtwp:332384. 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: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/gtpurus.html .

    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.