New CPA Economic Model Answers Sen. Warren’s Request; Moves Modeling Closer to Reality

New CPA Economic Model Answers Sen. Warren’s Request; Moves Modeling Closer to Reality

The development of GTAP-USL economic model marks another step forward in our efforts to make the GTAP more realistic and a better predictor of the real-world effects of trade policies or trade shocks. It’s critical to build models that provide a better understanding of how policies impact people, families, racial groups, gender, cities and regions. There is still more work to be done.