Decipher Global Trade Model: The Macroeconomic Policy Implications

2009 ◽  
Author(s):  
Jong-Eun Lee
Keyword(s):  
Macroeconomic Policy ◽  
Policy Implications ◽  
Global Trade ◽  
Trade Model

scholarly journals Harnessing Wind Energy Potential in ASEAN: Modelling and Policy Implications

2021 ◽  
Vol 13 (8) ◽  
pp. 4279
Author(s):  
Youngho Chang ◽  
Phoumin Han
Keyword(s):  
Wind Energy ◽  
Carbon Emissions ◽  
Policy Implications ◽  
Wind Generation ◽  
Energy Potential ◽  
Trade Model ◽  
Electricity Trade ◽  
Generation Capacity ◽  
The Cost ◽  
Business As Usual

This study examines whether and how harnessing more wind energy can decrease the cost of meeting the demand for electricity and amount of carbon emissions in the Association for Southeast Asian Nations (ASEAN) region, using the ASEAN integrated electricity trade model. Three scenarios are considered: a counterfactual business-as-usual (BAU) scenario, which assumes no wind energy is used; an actual BAU scenario that uses the wind-generation capacity in 2018; and a REmap scenario, which employs the wind-generation capacity from the Renewable Energy Outlook for ASEAN. Simulation results suggest that dispatching more wind energy decreases the cost of meeting the demand for electricity and amount of carbon emissions. However, these emissions increase during the late years of the study period, as the no- or low-emitting energy-generation technologies are crowded out.

scholarly journals Food and nutrition security under global trade: a relation-driven agent-based global trade model

2021 ◽  
Vol 8 (1) ◽  
pp. 201587
Author(s):  
Jiaqi Ge ◽  
J. Gareth Polhill ◽  
Jennie I. Macdiarmid ◽  
Nuala Fitton ◽  
Pete Smith ◽  
...  
Keyword(s):  
Food Security ◽  
Global Trade ◽  
Agent Based ◽  
Food And Nutrition Security ◽  
Nutrition Security ◽  
Trade Model ◽  
Food And Nutrition ◽  
Macro And Micronutrients ◽  
The Impact

This paper addresses the highly relevant and timely issues of global trade and food security by developing an empirically grounded, relation-driven agent-based global trade model. Contrary to most price-driven trade models in the literature, the relation-driven agent-based global trade model focuses on the role of relational factors such as trust, familiarity, trade history and conflicts in countries' trade behaviour. Moreover, the global trade model is linked to a comprehensive nutrition formula to investigate the impact of trade on food and nutrition security, including macro and micronutrients. Preliminary results show that global trade improves the food and nutrition security of countries in Africa, Asia and Latin America. Trade also promotes a healthier and more balanced diet, as countries have access to an increased variety of food. The effect of trade in enhancing nutrition security, with an adequate supply of macro and micronutrients, is universal across nutrients and countries. As researchers call for a holistic and multifactorial approach to food security and climate change (Hammond and Dubé 2012 Proc. Natl Acad. Sci. USA 109 , 12 356–12 363. ( doi:10.1073/pnas.0913003109 )), the paper is one of the first to develop an integrated framework that consists of socio-economic, geopolitical, nutrition, environmental and agri-food systems to tackle these global challenges. Given the ongoing events of Brexit, the US–China trade war and the global COVID-19 pandemic, the paper will provide valuable insights on the role of trade in improving the food and nutrition security across countries.

scholarly journals A Global Trade Model for the Euro Area

2015 ◽  
Author(s):  
Michele Modugno ◽  
Antonello D'Agostino ◽  
Chiara Osbat
Keyword(s):  
Euro Area ◽  
Global Trade ◽  
Trade Model
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