Kooperativer Bibliotheksverbund

UID:

Umfang: 1 online resource (450 pages)

Ausgabe: 1st ed.

ISBN: 9781107011694 , 9781139419758

Inhalt: This book presents the technical aspects of an economic model used to examine issues of global economic significance, providing a number of studies using the model to examine trade reform, growth and investment, climate change, natural resources, technology, and demographic change and migration

Anmerkung: Cover -- DYNAMIC MODELING AND APPLICATIONS FOR GLOBA LECONOMIC ANALYSIS -- Title -- Copyright -- Contents -- Contributors -- Acknowledgments -- PART I: INTRODUCTION AND OVERVIEW -- ONE -- Introduction: Elena I. Ianchovichina -- 1. Motivation for the GDyn -- 2. Data for GDyn -- 3. Model and Software -- 4. Short Course in Dynamic Global Economic Analysis -- 5. Overview of the Book -- 6. Reader's Guide -- References -- PART II: STRUCTURE OF THE DYNAMIC GTAP FRAMEWORK -- TWO -- Theoretical Structure of Dynamic GTAP -- 1. Introduction -- 2. Time -- 2.1 The Discrete-Time Approach -- 2.2 The Continuous-Time Approach -- 3. Capital Accumulation -- 4. Financial Assets and Associated Income Flows -- 4.1 General Features -- 4.2 Notation -- 4.3 Asset Accumulation -- 4.4 Assets and Liabilities of Firms and Households -- 4.5 Assets and Liabilities of the Global Trust -- 4.6 Income from Financial Assets -- 5. Investment Theory -- 5.1 The Required Rate of Growth in the Rate of Return -- 5.2 The Expected Rate of Growth in the Rate of Return -- 5.3 Adaptive Expectations -- 5.4 The Normal Rate of Growth in the Capital Stock -- 5.5 Summary -- 5.6 Alternative Investment Determination -- 6. Properties and Problems -- 6.1 Long-Run Equilibrium -- 6.2 Cumulative and Comparative Dynamic Results -- 6.3 Path Dependence -- 6.4 One-Way Relations -- 6.5 Capital Account Volatility and the Propensity to Save -- 7. Concluding Remarks -- References -- THREE -- Behavioral and Entropy Parameters in the Dynamic GTAP Model -- 1. Introduction -- 2. Parameters Determining Lagged Adjustments -- 2.1 Data -- 2.2 Convergence of Rates of Return to Capital -- 2.3 Calibration of Lagged Adjustment Parameters -- 3. Elasticity of Rate of Return to Capital with Respect to Capital Stock -- 4. Parameters Determining Composition of Wealth and Capital in a Region -- 4.1 Econometric Model and Data , 4.2 Empirical Results -- 4.3 Rigidity Parameters -- 4.4 Aggregation Issues -- 5. Conclusions and Summary -- References -- FOUR -- An Overview of the Dynamic GTAP Data Base The Data Base Construction and Aggregation Programs -- 1. Introduction -- 2. The GDyn Data File -- 2.1 Income and Saving -- 2.2 Normal Rates of Growth in Capital Stocks -- 2.3 Target Rate of Return -- 3. Parameters -- 3.1 INC -- 3.2 Lagged Adjustment Parameters -- 3.3 Flexibility of the Gross Rate of Return -- 3.4 Rigidity Parameters -- 4. Creating Aggregations of the GDyn Data Base and Parameters -- 4.1 KHAT -- 4.2 RORGFLEX -- 4.3 LAMBRORGE -- 4.4 LAMBRORG -- 4.6 RIGWQH -- 4.7 RIGWQ F -- References -- FIVE -- A Baseline Scenario for the Dynamic GTAP Model -- 1. Introduction -- 2. Macroeconomic Projections -- 2.1 Sources of Projections -- Projections -- Other Data Required -- 2.2 Missing Data -- Gross Domestic Product, Gross Domestic Investment, and Population -- Labor Projections -- Total Labor Force Projections -- Skilled Labor Projections -- Unskilled Labor Projections -- 3. Changes in Policy on the Baseline -- 3.1 Data Sources -- 3.2 The Policy Agreements -- Uruguay Round -- China's Pre-WTO Tariff Cuts -- Quotas -- 4. Implementing the Baseline -- 4.1 Aggregation -- 4.2 Closure -- Real GDP and Technological Change -- Gross Domestic Investment -- Foreign Investment in China -- 5. Conclusions -- References -- SIX -- Welfare Analysis in the Dynamic GTAP Model -- 1. Introduction -- 2. The Welfare Decomposition -- 3. Problems Decomposing Welfare in the GDyn Model -- 4. A Comparative Static Simulation for Calculating Welfare -- 5. A Comparison of the Welfare Decomposition under the Comparative Static and Dynamic Simulations -- 6. Conclusions -- Appendix: Code for Decomposing Welfare in the GDyn Model -- References -- SEVEN , 5.3 Results for Rest of World -- 5.4 Welfare Effects -- 6. Conclusions -- Appendix: Aggregation of GTAP Data Base -- References -- TEN -- Resource Use and Technological Progress in Agriculture -- 1. Introduction -- 2. Methodology -- 2.1 The Model -- 2.2 The Data -- 3. Simulation Design and Baseline Results -- 4. Effects of a Slowdown in Agricultural TFP -- 5. Conclusions -- References -- ELEVEN -- Global Economic Integration and Land-Use Change -- 1. Introduction and Motivation -- 2. Methodology -- 2.1 Modeling Approach -- 2.2 Baseline Assumptions -- 2.3 Simulation Design -- 3. Results8 -- 3.1 Population Growth -- 3.2 Growth in Real Income -- 3.3 A Detailed Look at Land Use -- 4. Summary -- References -- TWELVE -- The Contribution of Productivity Linkages to the General Equilibrium Analysis of Free Trade Agreements -- 1. Introduction -- 2. Empirical Framework -- 2.1 Procompetitive Effects -- 2.2 The Exporting-Productivity Effect -- 2.3 The FDI-Productivity Effect -- 3. Data and Procedures -- 3.1 Data and Aggregation -- 3.2 Trade Flows and Tariffs -- 3.3 Baseline Simulation -- 3.4 Simulation Design -- 4. Results -- 4.1 Welfare and GDP Impacts of the FTA -- 4.2 Effects on Trade and Foreign Capital Ownership -- 4.3 Effects on Efficiency -- 4.4 Effects on Sectoral Output -- 5. Conclusions -- APPENDIX 12.1: DERIVATION OF THE EXPORTS-PRODUCTIVITY EXPRESSION -- APPENDIX 12.2: AGGREGATION OF GTAP 5 DATA BASE SECTORS -- APPENDIX 12.2 (continued) -- APPENDIX 12.3: AGGREGATION OF GTAP 5 DATA BASE REGIONS -- APPENDIX 12.4: BASELINE POLICY SHOCKS -- References -- THIRTEEN -- Global Demographic Change, Labor Force Growth, and Economic Performance -- 1. Introduction -- 2. Modeling Global Demographic Change -- 2.1 Demography -- Sources and Structure -- Asymptotic Trends in Other Parameters -- Labor Force Projections -- Asymptotic Trends in Labor Force Participation , Accounting for Part-Time Work -- The Aged Dependency Ratio -- 2.2 The Global Economic Model -- Income Splitting -- Splitting Savings and Consumption Expenditure from Group Disposable Income -- Consumption Preferences -- Elasticities of Substitution -- 3. Constructing the Baseline Scenario -- 3.1 Exogenous Factor Productivity Growth -- 3.2 Investment Interest Premia -- 3.3 The Baseline Population Projection -- 3.4 The Baseline Economic Projection -- 4. The Impact of Accelerated Population Aging -- 5. Conclusion -- References -- PART IV: EVALUATION OF THE DYNAMIC GTAP FRAMEWORK -- FOURTEEN -- Household Saving Behavior in the Dynamic GTAP Model -- Evaluation and Revision -- 1. Introduction -- 2. Theories of Household Saving Behavior -- 3. Comparison of Historic and Simulated Assets and Liabilities -- 4. New Household Saving Behavior in GDyn -- 5. Data and Parameters -- 6. Two Simulations and Final Notes -- References -- FIFTEEN -- Implications for Global Economic Analysis -- Synopsis -- Evaluation -- Future Directions and Conclusions -- References -- APPENDIX -- Negative Investment: Incorporating a Complementarity into the Dynamic GTAP Model -- 1. Negative Investment -- 2. Complementarities -- References -- Glossary of GDyn Notation -- 1. Overview -- 2. Glossary -- Sets and subsets -- Sets -- Subsets -- BASE DATA -- PARAMETERS -- DERIVATIVES OF BASE DATA -- VARIABLES -- Index , Implementing the Dynamic GTAP Model in the RunDynam Software -- 1. Introduction -- 2. Installing the RunDynam Software and Loading up Applications -- 2.1 Installing RunDynam -- 2.2 Downloading the RunDynam Application Archive -- 2.3 Opening RunDynam -- 2.4 Restoring the Ingredients of a Simulation -- 3. Viewing the Data -- Example 3.1. Viewing the Set Data -- File -- Set -- File -- 4. Running a Simulation -- 4.1 Simulation Overview Page -- 4.2 Closure/Shock Page -- 4.3 Running the Simulation -- 5. Viewing the Results -- 5.1 Viewing the Results for All Periods -- Example 5.1: Viewing the Results Using ViewSOL -- Example 5.2: Viewing the Results Using AnalyseGE -- 5.2 Viewing the Results for Some Years -- 5.3 Viewing the Results for Individual Periods -- Example 5.4: Viewing the Updated Data -- Example 5.5: Viewing the Welfare Decomposition -- 6. Book Applications -- References -- PART III: APPLICATIONS OF DYNAMIC GTAP -- EIGHT -- Assessing the Impact of China's WTO Accession on Investment -- 1. Introduction -- 2. Modeling China's Accession to the WTO -- 2.1 The Gradual Reduction in Risk Premia Expected by Foreign Investors -- 2.2 Tariffs and Quotas -- 2.3 Productivity in the Automobiles Sector -- 2.4 Services Liberalization -- 3. Impact of China's WTO Accession -- 3.1 Macroeconomic Impact on Capital Accumulation -- 3.2 Domestic and Foreign Ownership -- 3.3 Welfare -- 4. Conclusion -- Appendix: Aggregation of GTAP Data Base -- References -- NINE -- Dynamic Effects of the "New-Age" Free Trade Agreement between Japan and Singapore -- 1. Introduction -- 2. Quantifying the New-Age Agreement -- 2.1 Trade and Tariffs -- 2.2 Customs Automatization -- 2.3 E-Commerce -- 2.4 Services Trade -- 3. Analytical Framework -- 3.1 Treatment of Unobserved Trade Costs -- 4. Baseline -- 5. Results -- 5.1 Impacts on Singapore -- 5.2 Results for Japan

Weitere Ausg.: Print version Ianchovichina, Elena Dynamic Modeling and Applications for Global Economic Analysis New York : Cambridge University Press,c2012 ISBN 9781107011694

Sprache: Englisch

Schlagwort(e): Electronic books

URL: FULL  ((OIS Credentials Required))