This paper offers a graphical exposition of the GTAP model of global trade. Particular emphasis is placed on the accounting, or equilibrium, relationships in the model. It begins with a treatment of the a one region version of GTAP, thereafter adding a rest of world region to highlight the treatment of trade flows in the model. The implementation of policy instruments in GTAP is also explored, using simple supply-demand graphics. The material provided in this paper was first developed as an introduction to GTAP for participants taking the annual short course. Based on its success in that venue, this paper has been placed on the ?highly recommended? reading list for individuals seeking an introduction and overview of the GTAP framework. It was modified in March of 2001 to reflect the changes in version 6.0 of the GTAP model.

Contact Information
Contact Person: 
BROCKMEIER,Martina
Contact Organization: 
Justus Liebig University
Publication Information
Author: 
BROCKMEIER,Martina
Publication Year: 
2000
DOE Information