Course Venue: University of International Business and Economics (UIBE), Beijing. See previous course photos here and here.
For inquires please contact: Xiujian Peng (xiujian.peng@vu.edu.au), Jun Yang (yjydy.ccap@igsnrr.ac.cn).
The Centre of Policy Studies and Impact Project at Victoria University, Melbourne, Australia will offer an intensive five-day course introducing participants to multiregional computable general equilibrium modelling and to the GEMPACK software used to solve equilibrium models. The course will be hosted by the School of International Trade and Economics, University of International Business and Economics (UIBE) during 3-7 July 2017. The course will be lectured in English with tutoring available in both English and Chinese during computer sessions.
Course Venue: University of International Business and Economics (UIBE), Beijing. See previous course
photos here and here.
The course focuses on a multi-regional applied general equilibrium model of China: the SinoTERM model with 2006 input-output database. The model is a variant of the TERM model.
TERM (The Enormous Regional Model) is a multiregional CGE model of a single country, which is "bottom-up" -- it treats each region as a separate economy. Two key features of TERM are: (a) its ability to solve quickly with a large number of regions or sectors, and (b) its database construction methodology, which allows a multiregional database to be constructed quickly, even with quite limited regional data.
The first, Australian, version of TERM distinguished 144 sectors and 57 regions. More recently, its master database has been extended to represent 182 sectors in 205 statistical sub-divisions (SSDs), so that urban areas, water catchment areas and tourism regions may all be distinguished accurately. The high degree of regional detail makes TERM a useful tool for examining the regional impacts of shocks (especially supply-side shocks) that may be region-specific. Finally, TERM has a particularly detailed treatment of transport costs and is naturally suited to simulating the effects of improving particular road or rail links.
The TERM model of the Australian economy has been used extensively for policy analysis in Australia for nearly two decades. TERM has been used as the basis of many multi-regional models of other countries including Brazil, China, Finland, Indonesia, Italy, Japan, Korea, New Zealand, Poland, South Africa, Sri Lanka, Sweden and USA. GEMPACK software is used by research workers in over 700 different locations in about 70 countries around the world.
For 2017 Beijing course, the course material is based on the SinoTERM model. Its database is an aggregated 2006 database.
The course runs from Monday to Friday 9am to 6.30pm. During the first 4 days, about equal time is spent on lectures explaining CGE theory as applied to SinoTERM, and on lab sessions designed to teach how to compute and explain simulation results. Then, participants form into groups, each focused on running and analysing different simulations. On Friday afternoon the groups present and explain their simulation results. Participants in this course will need to bring their own notebook computer (for notebook requirements, see http://www.copsmodels.com/laptops.htm). The course is designed as an intensive live-in program, with fairly long work hours.
The course should appeal to
The course aims to introduce participants to the ideas and techniques of CGE modelling, and to equip them to start using, adapting or constructing CGE models for their own simulations. By the end of the course, participants will have acquired thorough knowledge of:
Course participants receive a folder, containing
At the end of the course participants receive one or more CDs, containing
Philip is Professor at the Centre of Policy Studies (CoPS), Victoria
University, Melbourne. Philip's main area of expertise is the application of large multi-sectoral and multi-regional economic models for policy
analysis and forecasting. Since completing his Ph.D., he has been involved in the implementation of several large models of the Australian
economy: a short-run macro model; the Australia-wide MONASH model; and the MMRF dynamic model of Australia’s eight states and
Territories. Philip has also been active in developing models for overseas organisations, including central government organisations in Saudi
Arabia, Oman, Jordan, Uganda, South Africa, Taiwan, Denmark, and Thailand. He has also run a number of training courses in the use of single- and
multi-country CGE models. The multi-country training was undertaken using the GTAP model, built and maintained at the Global Trade and Protection
(GTAP) project at Purdue University.
Professor Horridge is Director (GEMPACK software) at the Centre of Policy
Studies (CoPS), Victoria University. During the last 30 years, he has played a key role in many CGE modelling projects including the creation of
several multi-regional CGE models of Australia, such as the TERM model. He has helped to create large general equilibrium models of Brazil,
Vietnam, Thailand, Indonesia, South Africa, Taiwan, P.R. China and several other foreign countries. These overseas projects are usually associated
with training, in Melbourne or overseas-he has organized or taught in around 90 training courses. A long-time associate of the Global Trade
Analysis Project, he is now one of 3 "members-at-large" of the GTAP Advisory Board. Recently he has specialized in writing software used by GE
modellers world-wide, and in devising procedures to efficiently construct CGE databases.
Professor Glyn Wittwer has been one of the main developers of TERM
(The Enormous Regional Model), a multi-regional computable general equilibrium (CGE) model devised by Professor Mark Horridge. Glyn was the first
person to develop a dynamic version of TERM. He has created versions of TERM for China and the USA. The latter is now attracting interest in
Washington D.C. Although he has spent much time at the Centre of Policy Studies in model development, Glyn’s main task is applying
CGE models to policy issues. He has undertaken a number of projects examining the economic impacts of urban water supply augmentation.
Dr Xiujian Peng is a Senior Research Fellow in the Centre of Policy Studies
(CoPS) at Victoria University (VU). Xiujian's interests cover the areas of population economics, labour economics and development economics. Her
main area of expertise centres on the development of general equilibrium models and their application to China, with particular emphasis on
demography, labour markets, energy and economic growth. Xiujian is responsible for research at CoPS on China’s economy including
model development, design and execution of research projects, and, organisation and delivery of training courses in static and dynamic CGE
modelling.
Previous hands-on experience in solving GE models is not required. We expect that course participants have:
Nevertheless this course is more technically demanding than the Practical GE Modelling course, and we expect that many participants will have previous exposure to CGE modelling. To avoid boring those who have already learnt the basics, we have chosen to present a slightly different set of techniques from those used in the Practical GE course.
If you have not worked with GEMPACK before, you should download and work through the MINIMAL course material. Although far simpler, the MINIMAL model and course use similar notation and software to TERM. To go further, you should:
SinoTERM CGE modelling course fee is AU2500 per person. Multiple attendees from one institution may be able to negotiate a discount. The fee covers course materials (including software), morning and afternoon teas, lunches and one dinner. It does not cover accommodation, breakfast or other dinners.
Complete and return this registration form, which contains payment details and return email addresses. Registration and Payment must be completed by 30June 2017.
School of International Trade and Economics,
University of International Business and Economics (UIBE)
No.10, Huixin Eastern Street, Chaoyang District, Beijing, 100029
Participants are required to arrange their own accommodation. For information regarding accommodation near the course venue contact:
Professor Jun Yang
School of International Trade and Economics,
University of International Business and Economics (UIBE) No.10, Huixin Eastern Street, Chaoyang District, Beijing, 100029
Tel: +86 18513399037
Email: yangguohua0809@163.com
See also:
Main Training Courses page
Previous course photos
TERM webpage