Modeling with Impact

Trade Policy Modeling with GAMS

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Intensive course at the advanced level. The course will focus on dynamic trade policy modeling in a multinational and multisectoral general equilibrium framework with imperfect competition and recursive dynamics. This course is only accessible to those who have some experience in general equilibrium modeling and to the alumni of the EcoMod School.

Course objective: 

The course will introduce all the tools for constructing and implementing large-scale multi-national and multi-sectoral dynamic general equilibrium models with imperfect competition and increasing returns to scale for trade policy analysis. By the end of the course the participants will have acquired detailed knowledge of and extensive hands-on experience in:

  • the structure of trade policy CGE models,
  • building the database for such models,
  • introducing imperfect competition in the models,
  • building dynamic models,
  • introducing expectations,
  • building multinational and multisectoral models,
  • modeling, quotas, tariffs, market access, non-tariff barriers,
  • implementing the model on the computer using the GAMS software,
  • advanced features of the GAMS software,
  • formulating scenarios and running policy simulations,
  • reporting and interpreting the results.

The course uses a practical  and very intensive approach to model building. The participants will actually build the model step-by-step with guidance from the instructors: from small to large scale and from simple to complex structure. The participants will acquire extensive practical hands-on experience in building a complex, large-scale model. This will allow them to easily implement the first version of their own model using the GAMS codes of EcoMod.