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The welfare effects of trade policy experiments in quantitative trade models : The role of solution methods and baseline calibration / World Trade Organization.
- Format:
- Book
- Government document
- Author/Creator:
- World Trade Organization.
- Series:
- WTO Working Papers ; no.2019/02.
- WTO Working Papers ; no.2019/02
- Language:
- English
- Subjects (All):
- Economic research and trade policy analysis.
- Local Subjects:
- Economic research and trade policy analysis.
- Physical Description:
- 50 pages.
- Place of Publication:
- Geneva : World Trade Organization, 2019.
- System Details:
- text file
- Summary:
- This paper compares the solution methods and baseline calibration of three different quantitative trade models (QTMs): computable general equilibrium (CGE) models, structural gravity (SG) models and models employing exact hat algebra (EHA). The different solution methods generate identical results on counterfactual experiments if baseline trade shares or baseline trade costs are identical.
- Access Restriction:
- Restricted for use by site license.
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