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Incorporating Global Value Chains into the Dynamic GTAP Model [tentative results]

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  • Itakura, Ken

Abstract

In this paper, we introduce global value chains (GVCs) in intermediate transactions to the recursively dynamic computable general equilibrium (CGE) model. Then, we explore how the introduction of GVCs affects impact of trade policy, by making comparisons between the policy effects obtained from the model incorporating the GVCs and those obtained from a conventional model. To compare economic effects of trade policy, we run a set of policy simulations of the Regional Comprehensive Economic Partnership (RCEP) agreement between the ASEAN member countries and Japan, China, Korea, Australia, New Zealand, and Singapore.

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  • Itakura, Ken, 2019. "Incorporating Global Value Chains into the Dynamic GTAP Model [tentative results]," Conference papers 333111, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    • Handle: RePEc:ags:pugtwp:333111
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    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. Ianchovichina,Elena & Walmsley,Terrie L. (ed.), 2012. "Dynamic Modeling and Applications for Global Economic Analysis," Cambridge Books, Cambridge University Press, number 9781107002432, September.
    3. Ianchovichina,Elena & Walmsley,Terrie L. (ed.), 2012. "Dynamic Modeling and Applications for Global Economic Analysis," Cambridge Books, Cambridge University Press, number 9781107011694, September.
    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.
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