Abstract

The most widely recognized method to undertake a global trade analysis is with a Multiregional Computable General Equilibrium (CGE) model. The Multiregional CGE modeling framework that has been used to undertake the analysis of the current study is produced by the Center for Global Trade Analysis at Purdue University, USA. The database and model is called the Global Trade Analysis Project (GTAP) (Hertel, 1997). The GTAP model is essentially a multi-country multi-commodity model. The theory of the GTAP model resembles that underlying the standard multi-regional CGE models.

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