Future Directions in Global Trade Analysis

Abstract

This paper discusses future directions in global trade analysis from the perspective of the Global Trade Analysis Project (GTAP) network. The first section offers a projection of where the GTAP network might be in the year 2010. This is followed by an analysis of the basic drivers of change in global trade analysis. These include: network externalities and the push for greater openness in both modeling and database work. The second half of the paper revisits John Whalley's "Hidden Challenges" for applied general equilibrium analysis, discussing how well we have fared with respect to these challenges, first posed in 1986. The paper closes with some additional challenges for global trade analysis in the coming decade.

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