Research and analysis

Partial equilibrium trade models modelling paper

Working paper illustrating how the UK’s Department for Business and Trade’s (DBT) partial equilibrium (PE) models work.

• From: Department for Business and Trade
• Published: 24 July 2025

Documents

Partial equilibrium trade models modelling paper

PDF, 895 KB, 36 pages

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Details

This working paper illustrates how the UK’s Department for Business and Trade’s (DBT) partial equilibrium (PE) models work by presenting results from running simulations of a notional trade agreement between 2 countries. It uses these to show:

• how these models function
• what they can deliver
• the key parameters that drive their results
• how sensitive the results are to changes in these parameters

Published 24 July 2025