The ImpactECON MyGTAP Single Household Framework
The ImpactECON MyGTAP Single Household Framework is a set of data and model programs that allow the user to remove the regional household in the GTAP model. The regional household is replaced with a single private household and a government that each collect income and save independently.
Why would you want to use the MyGTAP Single Household Framework?
The MyGTAP Single Household Framework improves the representation of government by linking government income and expenditures to government savings and deficits in each country. Greater detail on other sources of government revenue and expenditure are also specified, including transfers to and from the private household, and foreign aid. This allows users to examine the impact of fixing the government deficit or to change transfers and aid flows as part of their analysis.
The MyGTAP model also includes foreign income flows such as capital income and remittances for all countries. The inclusion of these foreign income flows improves analysis of gross national income (GNI) and hence welfare, and allows the user to examine the impact of changes in remittances or other foreign flows on an economy.
These features provide the user with greater flexibility to undertake analysis of government sustainability and foreign income. Further details on the MyGTAP model can be obtained from the MyGTAP website.
The MyGTAP Single Household Framework includes:
A set of programs and data that contains the MyGTAP model, auxiliary files and additional data that can be used to convert a RunGTAP application based on GTAP 10a data directly into a MyGTAP application with one private household and separate government in all regions.