Partial Equilibrium Trade Simulation (PETS) Model: Documentation
The objective of this AGRODEP Technical Note is two-fold. First, it aims to describe the mathematical structure of and the economic hypothesis behind the Partial Equilibrium Trade Simulation (PETS) model. Second, it gives a practical approach for use of the General Algebraic Modeling System (GAMS) c...
| Main Authors: | , |
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| Format: | Artículo preliminar |
| Language: | Inglés |
| Published: |
International Food Policy Research Institute
2015
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| Subjects: | |
| Online Access: | https://hdl.handle.net/10568/149953 |
| _version_ | 1855515016288010240 |
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| author | Laborde Debucquet, David Tokgoz, Simla |
| author_browse | Laborde Debucquet, David Tokgoz, Simla |
| author_facet | Laborde Debucquet, David Tokgoz, Simla |
| author_sort | Laborde Debucquet, David |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | The objective of this AGRODEP Technical Note is two-fold. First, it aims to describe the mathematical structure of and the economic hypothesis behind the Partial Equilibrium Trade Simulation (PETS) model. Second, it gives a practical approach for use of the General Algebraic Modeling System (GAMS) code in running the model for calibration of the baseline scenario and for simulating the changes in trade policy scenarios. PETS is a multi-region, multi-sector, dynamically recursive, and partial equilibrium (PE) model. The model developed in Fontagne, Laborde, and Mitaritonna (2011) focuses on trade policy analysis using disaggregated geographical and sectoral levels of data. This paper provides a perfect illustration of how this model can be used to study trade agreements, and any user of this model is advised to read it. The model emphasizes the demand side, which is specified as a nested CES structure, where the initial regional income is assumed to be fixed. The demand is expressed at various levels of disaggregation matched by increasing substitutability (elasticity of substitution increases with higher level of disaggregation). |
| format | Artículo preliminar |
| id | CGSpace149953 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2015 |
| publishDateRange | 2015 |
| publishDateSort | 2015 |
| publisher | International Food Policy Research Institute |
| publisherStr | International Food Policy Research Institute |
| record_format | dspace |
| spelling | CGSpace1499532025-11-06T05:12:23Z Partial Equilibrium Trade Simulation (PETS) Model: Documentation Laborde Debucquet, David Tokgoz, Simla mathematical models macroeconomics The objective of this AGRODEP Technical Note is two-fold. First, it aims to describe the mathematical structure of and the economic hypothesis behind the Partial Equilibrium Trade Simulation (PETS) model. Second, it gives a practical approach for use of the General Algebraic Modeling System (GAMS) code in running the model for calibration of the baseline scenario and for simulating the changes in trade policy scenarios. PETS is a multi-region, multi-sector, dynamically recursive, and partial equilibrium (PE) model. The model developed in Fontagne, Laborde, and Mitaritonna (2011) focuses on trade policy analysis using disaggregated geographical and sectoral levels of data. This paper provides a perfect illustration of how this model can be used to study trade agreements, and any user of this model is advised to read it. The model emphasizes the demand side, which is specified as a nested CES structure, where the initial regional income is assumed to be fixed. The demand is expressed at various levels of disaggregation matched by increasing substitutability (elasticity of substitution increases with higher level of disaggregation). 2015-04-16 2024-08-01T02:50:19Z 2024-08-01T02:50:19Z Working Paper https://hdl.handle.net/10568/149953 en Open Access application/pdf International Food Policy Research Institute Laborde Debucquet, David and Tokgoz, Simla. 2015. Partial Equilibrium Trade Simulation (PETS) Model: Documentation. AGRODEP Technical Note 12. Washington, DC: International Food Policy Research Institute. https://hdl.handle.net/10568/149953 |
| spellingShingle | mathematical models macroeconomics Laborde Debucquet, David Tokgoz, Simla Partial Equilibrium Trade Simulation (PETS) Model: Documentation |
| title | Partial Equilibrium Trade Simulation (PETS) Model: Documentation |
| title_full | Partial Equilibrium Trade Simulation (PETS) Model: Documentation |
| title_fullStr | Partial Equilibrium Trade Simulation (PETS) Model: Documentation |
| title_full_unstemmed | Partial Equilibrium Trade Simulation (PETS) Model: Documentation |
| title_short | Partial Equilibrium Trade Simulation (PETS) Model: Documentation |
| title_sort | partial equilibrium trade simulation pets model documentation |
| topic | mathematical models macroeconomics |
| url | https://hdl.handle.net/10568/149953 |
| work_keys_str_mv | AT labordedebucquetdavid partialequilibriumtradesimulationpetsmodeldocumentation AT tokgozsimla partialequilibriumtradesimulationpetsmodeldocumentation |