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THEORETICAL STRUCTURE OF DYNAMIC GTAP AgEcon
Ianchovichina, Elena; McDougall, Robert.
This paper documents the foreign asset ownership and investment theory of the dynamic GTAP model (GTAP-Dyn). The new investment theory offers a disequilibrium approach to modeling endogenously international capital mobility. It permits a recursive solution procedure, a feature that allows easy implementation of dynamics into any static AGE model without imposing limitations on the model's size. The method involves treating time as a variable, not as an index. having time as a variable allows the construction of dynamic GTAP with minimum modifications to the existing structure of GTAP, by separating the theory of static GTAP from the length of run.
Tipo: Working or Discussion Paper Palavras-chave: International Relations/Trade.
Ano: 2000 URL: http://purl.umn.edu/28723
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THE EAST ASIAN CRISIS: A DYNAMIC COMPUTABLE GENERAL EQUILIBRIUM ANALYSIS AgEcon
Ianchovichina, Elena; McDougall, Robert; Hertel, Thomas W..
The paper proposes a new disequilibrium approach to modeling international capital mobility. Key to this approach are errors in investors' assessments of potential returns to capital -- such as those recently observed in Asia. We use the model to study dynamic adjustment of North American farm and food industries to a marginally deeper, longer crisis in East Asia.
Tipo: Conference Paper or Presentation Palavras-chave: Capital mobility; Adaptive expectations; East Asian crisis; Financial Economics; Research Methods/ Statistical Methods.
Ano: 1999 URL: http://purl.umn.edu/21587
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GTAP-DD: A MODEL FOR ANALYZING TRADE REFORMS IN THE PRESENCE OF DUTY DRAWBACKS AgEcon
Ianchovichina, Elena.
Duty drawback schemes, which typically involve a combination of duty rebates and exemptions, are a feature of many countries' trade regimes. They are used in highly protected, developing economies as means of providing exporters with imported inputs at world prices, and thus increasing their competitiveness, while maintaining the protection on the rest of the economy. In China duty exemptions have been central to the process of trade reform and have led to a tremendous increase in processed exports utilizing imported materials. Despite the widespread use and importance of duty drawbacks, these "new trade liberalization" instruments have been given relatively little attention in empirical multilateral trade liberalization studies. This paper presents an...
Tipo: Working or Discussion Paper Palavras-chave: International Relations/Trade.
Ano: 2003 URL: http://purl.umn.edu/28725
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