Organized Session #41 – The 2nd Seminar on Bridging the Gap between CGE and NQTMs: Global Trade and Climate Change
Organizer(s): Anton Yang, Costas Arkolakis
Session Chair: Sam Kortum
Session Discussant: Maksym Chepeliev
Hosted by: Erwin Corong
The Economic Effects of Climate Change in Dynamic Spatial Equilibrium
Presented by: Gary Lyn (ISU)
Climate Change, The Food Problem, and the Challenge of Adaptation through Sectoral Reallocation
Presented by: Ishan Nath (Princeton)
Can Trade Policy Mitigate Climate Change?
Presented by: Farid Farrokhi (Purdue)
Contact Person: Gary Lyn
Connecting the two giant literatures in which two broad classes of models for quantitative analysis are used—computable general equilibrium and new quantitative trade modeling—is timely and has become increasingly important to acquire a further and better understanding of today’s applied policy effects on global trade. CGE models are handy and widely used to assess the economic impact of climate change, impact of trade openness on climate change, and evaluate climate change mitigation policy. As these models rely on economic theory and an extensive collection of data to computationally derive the response of economic shocks or public policies, they tend to improve over time with the advance and cutting-edge research of economic theories.