Modeling International Relationships in Applied General Equilibrium (MIRAGE)
Modeling International Relationships in Applied General Equilibrium (MIRAGE) is a multi-region, multi-sector computable general equilibrium model, devoted to trade policy analysis. It incorporates imperfect competition, product differentiation by variety and by quality, and foreign direct investment, in a sequential dynamic set-up where installed capital is assumed to be immobile.
Key questions addressed:
- How do trade projections effect a country’s GHG emissions?
Sample data inputs:
- Economic and energy data from GTAP
- GDP projections
- Protection and tariff equivalents data from MAcMap
- Population projections
Sample quantitative outputs:
- Changes in economic variables such as production, production factor uses, real wages, value added by sector, real gross domestic product, real income, exports, imports, terms of trade.