New Closure for GTAP version 5 New variables have been added to version 5 of the GTAP model, so closures designed for previous versions must be amended. Below we compare the GTAP BOOK CLOSURE for versions 4 and 5. ! GTAP 4 book GE closure: psave = pcgdswld common across regions Exogenous pop psave pcgdswld profitslack incomeslack endwslack cgdslack saveslack govslack tradslack ao af afe ava atr to txs tms tx tm qo(ENDW_COMM,REG) ; Rest Endogenous ; ! GTAP 5 book GE closure: psave = pcgdswld common across region Exogenous pop psave pcgdswld profitslack incomeslack endwslack cgdslack saveslack govslack tradslack atm atf ats atd aosec aoreg avasec avareg afcom afsec afreg afecom afesec afereg to txs tms tx tm qo(ENDW_COMM,REG); Rest Endogenous ; Thus, to convert from 4 to 5: replace ao af afe ava atr with atm atf ats atd aosec aoreg avasec avareg afcom afsec afreg afecom afesec afereg The New GE closure is like the BOOK closure except that in the NEW GE closure we exogenize psaveslack pfactwld instead of psave pcgdswld
exogenous ! standard pop psaveslack pfactwld profitslack incomeslack endwslack cgdslack tradslack ams atm atf ats atd aosec aoreg avasec avareg afcom afsec afreg afecom afesec afereg aoall afall afeall au dppriv dpgov dpsave to tp tm tms tx txs qo(ENDW_COMM,REG) ; Rest Endogenous ; Here are the 2 closures for GTAP model Version 6: exogenous ! standard pop psaveslack pfactwld profitslack incomeslack endwslack cgdslack tradslack ams atm atf ats atd aosec aoreg avasec avareg afcom afsec afreg afecom afesec afereg aoall afall afeall au dppriv dpgov dpsave to tp tm tms tx txs qo(ENDW_COMM,REG) ; Rest Endogenous ;
Exogenous ! GTAP book closure pop psave pcgdswld profitslack incomeslack endwslack cgdslack tradslack ams atm atf ats atd aosec aoreg avasec avareg afcom afsec afreg afecom afesec afereg aoall afall afeall au uelas dpgov dpsave to tp tm tms tx txs qo(ENDW_COMM,REG) ; Rest Endogenous ; URL of this topic: www.copsmodels.com/webhelp/rungtap/hc_newclosure.htm Link to full GEMPACK Manual Link to GEMPACK homepage |