Formulation of baseline projections and documentation on modeling approach review

D7.1 contains two main elements: a set of baseline forecasts and assumptions that would lead to projected state of the world economy including transboundary trade and flows in 2050; and a set of modifications made to the GTAP model which are necessary to accommodate the assumptions and mechanisms captured in sectoral WPs in this project. The baseline will represent the most likely prospect of the world economy to 2050. The review documentation will reflect the state-of-art of the CGE modelling approach for future project guidance. (Outputs from Task 7.1)