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BioEarth – Economics Update: December 2, 2011. Michael Brady, Assistant Professor, WSU Yong Chen, Assistant Professor, OSU Jon Yoder, Associate Professor, WSU Jadrian Wooten, Graduate Student, WSU. Overview of Progress. August 2011-Present

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bioearth economics update december 2 2011

BioEarth– EconomicsUpdate: December 2, 2011

Michael Brady, Assistant Professor, WSU

Yong Chen, Assistant Professor, OSU

Jon Yoder, Associate Professor, WSU

Jadrian Wooten, Graduate Student, WSU

overview of progress
Overview of Progress
  • August 2011-Present
    • Development of partial equilibrium economic model of the regional agriculture economy written in GAMS®.
    • Base model development underway
    • Need to start working with other modeling teams to develop plan for one and two-way model integration of GAMS Economic Model and other models.
near term improvements present march 2012
Near term improvements (Present – March 2012)
  • Temporal disaggregation – disaggregate resource constraints and production function into monthly time steps.
  • Spatial disaggregation – disaggregate the Columbia River Basin into sub-regions
    • Watersheds
  • Crop group disaggregation
  • Stochastic version
medium term improvements march 2012 february 2013
Medium term improvements (March 2012-February 2013)
  • Convert from partial equilibrium to general equilibrium model by developing a CGE-I/O version
    • CGE = Computable General Equilibrium
    • I/O = Input/Output Model
economic model 2 initial development march 2012 february 2013
Economic Model 2 initial development (March 2012-February 2013)
  • The GAMS based model will probably only be used for one or two way model interactions.
  • In Year 2 start development of economic model that could be fully coupled to other models.
    • Grid cell based to match the spatial resolution of other models.
    • Plan for now is to develop the model in Matlab.