Trade - IFs

The economic representation in IFs consists of a six-sector general equilibrium economic model bi-directionally integrated with extended and physically based partial equilibrium models of agriculture and energy. Trade is represented in monetary terms for all six sectors and also in physical terms for agriculture and energy. Trade in the default versions of IFs is represented with a pooled approach, balanced globally but not indicating specific trading partnerships. With a switch the model can be moved to a dyadic/bilateral approach that does determine flows between specific country partners.