PEP-w-t (Multi-Region, Recursive Dynamic World Model)


This paper documents the PEP-w-t model developed by four members of the PEP research network. The PEP-w-t model extends the PEP-w-1 worldwide multiregional model to a recursive dynamic model. Its dynamics is similar to the dynamics of PEP-1-t, insofar as the GTAP database permits. PEP-w-t is the fourth research tool of the Standard PEP Model project that emerged spontaneously from the friendship and long-standing association between the co-authors. With this model, we pursue the goals that we had initially set ourselves: to crystallize our joint CGE modeling experience, and to share the result with the PEP MPIA Network, and with the modeling community at large. In addition, PEP-w-t is another step towards a deepening of our understanding of CGE analysis and the development modeling techniques that will tackle new problems. The fifth model in the suite is the PEP-w-t-fin model, with international financial assets.

The authors wish to thank the Global Trade Analysis Project (GTAP: for granting us permission to distribute our 14 region, 4 industry aggregation of the GTAP 8.1 data base.

How to get PEP-w-t Files

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To obtain PEP-w-t v4.0.pdf click HERE

In this file you will find a complete technical description of the PEP w-t model (Multi-Region, Recursive Dynamic World Model).

To obtain PEP-w-t click HERE

This file contains the data, the GAMS code as well as the documentation for the PEP w-t model. We have also added a PDF document on how to create input files for DATA_AGG. This note contains a description of the steps that precede data aggregation using the DATA_AGG.gms program. It is intended for users who have a GTAP licence and would like to use the PEP-w-* models with their own aggregation.


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