G-Cubed model 12W

Table of contents

There are 21 regions, matching 6W, and 12 sectors matching those non-electricity generation sectors in model 20C.

Regions

The 12W regions are listed below:

  1. United States (USA)
  2. Japan (JPN)
  3. Western Europe (EUW)
  4. Australia (AUS)
  5. South Korea (KOR)
  6. Other advanced economies (ADV)
  7. China (CHN)
  8. India (IND)
  9. Indonesia (IDN)
  10. Philippines (PHL)
  11. Vietnam (VNM)
  12. Thailand (THA)
  13. Malaysia (MYS)
  14. Pakistan (PAK)
  15. Bangladesh (BGD)
  16. Sri Lanka (LKA)
  17. Other asian economies (ROA)
  18. Latin America (LAM)
  19. Rest of Africa (AFR)
  20. Middle East and North Africa (MEN)
  21. Rest of World (ROW)

Sectors

Each region aggregates production into the same 12 sectors. These sectors are aggregations of the 65 sectors defined in the GTAP database. See Aguiar et al. (2019) for more details. All 12 sectors are listed below:

  1. Electricity distribution
  2. Gas extraction and utilities
  3. Petroleum refining
  4. Coal mining
  5. Crude oil extraction
  6. Construction
  7. Other mining
  8. Agriculture and forestry
  9. Durable goods
  10. Nondurable goods
  11. Transportation
  12. Services

Note that the GTAP contruction sector is split across these 12 sectors.

Equations

Review the equations using the documentation created by the SYM processor.