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TERM Regional CGE Course

22-27 August 2011 in Warsaw (Poland)

offered by
Centre of Policy Studies, Monash University
in cooperation with
Polish Academy of Sciences, IRWiR


This one‐week intensive course will introduce participants to TERM – a multiregional CGE model of a single country – and provide them both with software used to solve equilibrium models and with extensive hands on experience with modelling in GEMPACK.
TERM (The Enormous Regional Model) is a multiregional CGE model of a single country, which is ”bottom-up” - it treats each region as a separate economy. Two key features of TERM are: (a) its ability to solve quickly with a large number of regions or sectors, and (b) its database construction methodology, which allows a multiregional database to be constructed quickly, even with quite limited regional data.
The first, Australian, version of TERM distinguished 144 sectors and 57 regions. More recently, its master database has been extended to represent 172 sectors in 206 statistical sub-divisions (SSDs): so that urban areas, water catchment areas and tourism regions may all be distinguished accurately. The high degree of regional detail makes TERM a useful tool for examining the regional impacts of shocks (especially supply-side shocks) that may be region‐specific. Finally, TERM has a particularly detailed treatment of transport costs and is naturally suited to simulating the effects of improving particular road or rail links.
Versions of TERM have been prepared for Brazil, Finland, China, Indonesia, South Africa, Poland and Japan. The course material is mainly based on the South African version.
Read more about the TERM model at: http://www.monash.edu.au/policy/term.htm
The course should appeal to those needing background in CGE modelling in order to work with, or understand results from a typical multi‐regional CGE model, and to those wishing to learn CGE modelling using GEMPACK.

Outside of course hours, there will be many activities scheduled for participants, taking advantage of Warsaw’s rich offerings of museums, theatres, exhibitions and restaurants.

Further information, including the course program, may be found at the course web page:

For more details, or to register, please contact:
Katarzyna Drozdziel, Project Officer katarzyna.drozdziel@irwirpan.waw.pl
Associate Professor Katarzyna Zawalinska, Deputy Director, kzawalinska@irwirpan.waw.pl
IRWiR Polish Academy of Sciences
Nowy Swiat St. 72, 00-330 Warsaw, Poland
Tel.: +48 22 6572 772, Fax: +48 22 657 27 50