#RunGTAP #Closure #Swapping #oilPrice

Daer scholars and researchers!

I would like to shock the world oil price in the RunGTAP CGE model. Specifically, my interest is what if the world oil price declines up to 10% and how Kazakhstan economy reacts to this?

My struggle is which variable should be shocked swapping with which exogenous variable?

Since swapping the variables in the Closure should be logical, there are might be several answers to do this task. What variable would your suggest swapping with what?

Thanks for your answers in advance!

P.S. One of my friends recommended to shock this:

pxwcom # price index of global merchandise exports by commodity #.