This section presents a general introduction to SMART - a partial equilibrium simulation tool included in WITS.
It starts with a rationale for market access analysis and the use of partial equilibrium modeling tools, reviews the theoretical underpinning of SMART and indicates data requirements and produced results.
SMART is partial equilibrium modeling tool included in WITS that is used for market analysis. It focuses on one importing market and its exporting partners and assesses the impact of a tariff change scenario by estimating new values for a set of variables.
WITS Online Help
The World Bank, 2010