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Distribution of Sales


Definition

VOA + PTAX = VOM
See overview of GTAP framework


VOA: Value of output at agent's price
PTAX: Producer tax / subsidy
VOM: Value of output at market price


Note: Recall that PA = PM * T


VOM(i) = VPM(i) + ΣVFM(i,j) + VGM(i)


VPM: Value of sales to private household at market price
VFM: Value of sales to firms at market price (use of goods i in production of goods j)
VGM: Value of sales to government at market price


Note


Example