Estimating Parameters and Structural Change in CGE Models Using a Bayesian Cross-Entropy Estimation Approach
Author
Abstract
Suggested Citation
Download full text from publisher
Other versions of this item:
- Go, Delfin S. & Lofgren, Hans & Ramos, Fabian Mendez & Robinson, Sherman, 2016. "Estimating parameters and structural change in CGE models using a Bayesian cross-entropy estimation approach," Economic Modelling, Elsevier, vol. 52(PB), pages 790-811.
- Go, Delfin S. & Lofgren, Hans & Mendez Ramos, Fabian & Robinson, Sherman, 2015. "Estimating parameters and structural change in CGE models using a Bayesian cross-entropy estimation approach," Policy Research Working Paper Series 7174, The World Bank.
References listed on IDEAS
- Per Krusell & Lee E. Ohanian & JosÈ-Victor RÌos-Rull & Giovanni L. Violante, 2000.
"Capital-Skill Complementarity and Inequality: A Macroeconomic Analysis,"
Econometrica, Econometric Society, vol. 68(5), pages 1029-1054, September.
- Per Krusell & Lee E. Ohanian & José-Víctor Ríos-Rull & Giovanni L. Violante, 1997. "Capital-skill complementarity and inequality: a macroeconomic analysis," Staff Report 239, Federal Reserve Bank of Minneapolis.
- Devarajan, Shantayanan & Dissou, Yazid & Go, Delfin S. & Robinson, Sherman, 2014.
"Budget rules and resource booms : a dynamic stochastic general equilibrium analysis,"
Policy Research Working Paper Series
6984, The World Bank.
- Devarajan, Shantayanan & Dissou, Yazid & Go, Delfin S. & Robinson, Sherman, 2014. "Budget rules and resource booms: A dynamic stochastic general equilibrium analysis," Conference papers 332455, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
- Dale W. Jorgenson & Marcel P. Timmer, 2011.
"Structural Change in Advanced Nations: A New Set of Stylised Facts,"
Scandinavian Journal of Economics, Wiley Blackwell, vol. 113(1), pages 1-29, March.
- Jorgenson, D.W. & Timmer, Marcel, 2010. "Structural Change in Advanced Nations: A New Set of Stylised Facts," GGDC Research Memorandum GD-115, Groningen Growth and Development Centre, University of Groningen.
- Dale W. Jorgenson, 2011. "Innovation and Productivity Growth," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 93(2), pages 276-296.
- Judge,George G. & Mittelhammer,Ron C., 2012. "An Information Theoretic Approach to Econometrics," Cambridge Books, Cambridge University Press, number 9780521869591, January.
- Dale W. Jorgenson, 2001.
"Information Technology and the U.S. Economy,"
Higher School of Economics Economic Journal Экономический журнал Высшей школы экономики, CyberLeninka;Федеральное государственное автономное образовательное учреждение высшего образования «Национальный исследовательский университет «Высшая школа экономики», vol. 5(1), pages 3-34.
- Dale W. Jorgenson, 2001. "Information Technology and the U.S. Economy," American Economic Review, American Economic Association, vol. 91(1), pages 1-32, March.
- Dale W. Jorgenson, 2001. "Information Technology and the U. S. Economy," Harvard Institute of Economic Research Working Papers 1911, Harvard - Institute of Economic Research.
- Dale W. Jorgenson & Marcel P. Timmer, "undated". "Structural Change in Advanced Nations," Working Paper 13525, Harvard University OpenScholar.
- Devarajan, Shantayanan & Robinson, Sherman, 2013. "Contribution of Computable General Equilibrium Modeling to Policy Formulation in Developing Countries," Handbook of Computable General Equilibrium Modeling, in: Peter B. Dixon & Dale Jorgenson (ed.), Handbook of Computable General Equilibrium Modeling, edition 1, volume 1, chapter 0, pages 277-301, Elsevier.
- Robinson, Sherman & Cattaneo, Andrea & El-Said, Moataz, 1998. "Estimating a social accounting matrix using cross entropy methods:," TMD discussion papers 33, International Food Policy Research Institute (IFPRI).
- Jaime de MELO & Sherman ROBINSON, 2015.
"Product Differentiation And The Treatment Of Foreign Trade In Computable General Equilibrium Models Of Small Economies,"
World Scientific Book Chapters, in: Modeling Developing Countries' Policies in General Equilibrium, chapter 2, pages 21-41,
World Scientific Publishing Co. Pte. Ltd..
- de Melo, Jaime & Robinson, Sherman, 1989. "Product differentiation and the treatment of foreign trade in computable general equilibrium models of small economies," Journal of International Economics, Elsevier, vol. 27(1-2), pages 47-67, August.
- Okushima, Shinichiro & Tamura, Makoto, 2009. "A double calibration approach to the estimation of technological change," Journal of Policy Modeling, Elsevier, vol. 31(1), pages 119-125.
- Shantayanan Devarajan & Yazid Dissou & Delfin S. Go & Sherman Robinson, 2017.
"Budget Rules and Resource Booms and Busts: A Dynamic Stochastic General Equilibrium Analysis,"
The World Bank Economic Review, World Bank, vol. 31(1), pages 71-96.
- Sherman Robinson & Shantayanan Devarajan , Yazid Dissou , Delfin S. Go, 2015. "Budget Rules and Resource Booms and Busts: A Dynamic Stochastic General Equilibrium Analysis," EcoMod2015 8420, EcoMod.
- De Cian, Enrica, 2009.
"Factor-Augmenting Technical Change: An Empirical Assessment,"
Sustainable Development Papers
50403, Fondazione Eni Enrico Mattei (FEEM).
- Enrica De Cian, 2009. "Factor-Augmenting Technical Change: An Empirical Assessment," Working Papers 2009.18, Fondazione Eni Enrico Mattei.
- Carlo Carraro & Enrica De Cian, 2009. "Factor-Augmenting Technical Change: an Empirical Assessment," Working Papers 2009_29, Department of Economics, University of Venice "Ca' Foscari".
- Sherman Robinson & Andrea Cattaneo & Moataz El-Said, 2001.
"Updating and Estimating a Social Accounting Matrix Using Cross Entropy Methods,"
Economic Systems Research, Taylor & Francis Journals, vol. 13(1), pages 47-64.
- Robinson, Sherman & Cattaneo, Andrea & El-Said, Moataz, 2000. "Updating and estimating a Social Accounting Matrix using cross entropy methods," TMD discussion papers 58, International Food Policy Research Institute (IFPRI).
- Golan, Amos & Judge, George G. & Miller, Douglas, 1996. "Maximum Entropy Econometrics," Staff General Research Papers Archive 1488, Iowa State University, Department of Economics.
- Arndt, Channing & Robinson, Sherman & Tarp, Finn, 2002.
"Parameter estimation for a computable general equilibrium model: a maximum entropy approach,"
Economic Modelling, Elsevier, vol. 19(3), pages 375-398, May.
- Arndt, Channing & Robinson, Sherman & Tarp, Finn, 1999. "Parameter estimation for a computable general equilibrium model: a maximum entropy approach," TMD discussion papers 40, International Food Policy Research Institute (IFPRI).
- Jorgenson, Dale W. & Yun, Kun-Young, 2013. "Taxation, Efficiency and Economic Growth," Handbook of Computable General Equilibrium Modeling, in: Peter B. Dixon & Dale Jorgenson (ed.), Handbook of Computable General Equilibrium Modeling, edition 1, volume 1, chapter 0, pages 659-741, Elsevier.
- Judge,George G. & Mittelhammer,Ron C., 2012. "An Information Theoretic Approach to Econometrics," Cambridge Books, Cambridge University Press, number 9780521689731, January.
- Zellner, A., 1988. "Optimal Information-Processing And Bayes' Theorem," Papers m8803, Southern California - Department of Economics.
- Perroni, Carlo & Rutherford, Thomas F., 1995.
"Regular flexibility of nested CES functions,"
European Economic Review, Elsevier, vol. 39(2), pages 335-343, February.
- Perroni, C. & Rutherford, T., 1991. "Regular Flexibility of Nested CES Functions," Working Papers 91145, Wilfrid Laurier University, Department of Economics.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Zhai, Mengyu & Huang, Guohe & Liu, Lirong & Guo, Zhengquan & Su, Shuai, 2021. "Segmented carbon tax may significantly affect the regional and national economy and environment-a CGE-based analysis for Guangdong Province," Energy, Elsevier, vol. 231(C).
- Hans Lofgren & Martin Cicowiez, 2017.
"A Proximity-Based Approach to Labor Mobility in CGE Models with an Application to Sub-Saharan Africa,"
Journal of Global Economic Analysis, Center for Global Trade Analysis, Department of Agricultural Economics, Purdue University, vol. 2(1), pages 120-165, June.
- Lofgren,Hans & Cicowiez,Martin, 2017. "A proximity-based approach to labor mobility in CGE models with an application to Sub-Saharan Africa," Policy Research Working Paper Series 8151, The World Bank.
- Botero García, Jesús Alonso & Hurtado, Alvaro & Montañez Herrera, Diego Fernando, 2021. "The productivity of the agricultural sector and its effects on economic growth: a CGE analysis," Conference papers 333318, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
- Trond G. Husby & Elco E. Koks, 2017. "Household migration in disaster impact analysis: incorporating behavioural responses to risk," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 87(1), pages 287-305, May.
- Liu, Lirong & Huang, Charley Z. & Huang, Guohe & Baetz, Brian & Pittendrigh, Scott M., 2018. "How a carbon tax will affect an emission-intensive economy: A case study of the Province of Saskatchewan, Canada," Energy, Elsevier, vol. 159(C), pages 817-826.
- Li, Chunding & Wang, Jing & Whalley, John, 2016. "Impact of mega trade deals on China: A computational general equilibrium analysis," Economic Modelling, Elsevier, vol. 57(C), pages 13-25.
- Wu, Yi-Hua & Liu, Chia-Hao & Hung, Ming-Lung & Liu, Tzu-Yar & Masui, Toshihiko, 2019. "Sectoral energy efficiency improvements in Taiwan: Evaluations using a hybrid of top-down and bottom-up models," Energy Policy, Elsevier, vol. 132(C), pages 1241-1255.
- Johannes Ziesmer & Ding Jin & Sneha D Thube & Christian Henning, 2023. "A Dynamic Baseline Calibration Procedure for CGE models," Computational Economics, Springer;Society for Computational Economics, vol. 61(4), pages 1331-1368, April.
- Hyeok Lee & Yong Kyun Kim, 2018. "The effects of external shocks on the Korean economy: CGE model-based analysis," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 7(1), pages 1-14, December.
- Kim, Jiyoung & Nakano, Satoshi & Nishimura, Kazuhiko, 2017. "Multifactor CES general equilibrium: Models and applications," Economic Modelling, Elsevier, vol. 63(C), pages 115-127.
- Alexander Trynov, 2016. "Public-Private Investment Partnerships: Efficiency Estimation Methods," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(2), pages 602-612.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Debowicz, Dario & Dorosh, Paul A. & Robinson, Sherman & Haider, Syed Hamza, 2012. "A 2007-08 social accounting matrix for Pakistan:," PSSP working papers 1, International Food Policy Research Institute (IFPRI).
- Miguel Henry & George Judge, 2019. "Permutation Entropy and Information Recovery in Nonlinear Dynamic Economic Time Series," Econometrics, MDPI, vol. 7(1), pages 1-16, March.
- Devarajan, Shantayanan & Robinson, Sherman, 2002. "The influence of computable general equilibrium models on policy," TMD discussion papers 98, International Food Policy Research Institute (IFPRI).
- Baccianti, Claudio, 2013. "Estimation of sectoral elasticities of substitution along the international technology frontier," ZEW Discussion Papers 13-092, ZEW - Leibniz Centre for European Economic Research.
- Tarp, Finn & Arndt, Channing & Jensen, Henning Tarp & Robinson, Sherman & Heltberg, Rasmus, 2002. "Facing the development challenge in Mozambique: an economywide perspective," Research reports 126, International Food Policy Research Institute (IFPRI).
- Amos Golan & Aman Ullah, 2017. "Interval estimation: An information theoretic approach," Econometric Reviews, Taylor & Francis Journals, vol. 36(6-9), pages 781-795, October.
- Perez-Laborda, Alejandro & Perez-Sebastian, Fidel, 2020. "Capital-skill complementarity and biased technical change across US sectors," Journal of Macroeconomics, Elsevier, vol. 66(C).
- Darío Debowicz & Paul Dorosh & Hamza Haider & Sherman Robinson, 2013. "A Disaggregated and Macro-consistent Social Accounting Matrix for Pakistan," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 2(1), pages 1-25, December.
- Manh Toan Nguyen & Tung Lam Dang & Thi Hong Hanh Huynh, 2020. "Trade Liberalization and Income Distribution in Vietnam: Dynamic CGE Approach," Asian Economic Journal, East Asian Economic Association, vol. 34(4), pages 404-429, December.
- Villas-Boas, Sofia B. & Fu, Qiuzi & Judge, George, 2019. "Entropy based European income distributions and inequality measures," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 514(C), pages 686-698.
- Heckelei, Thomas & Mittelhammer, Ronald C. & Jansson, Torbjorn, 2008. "A Bayesian Alternative To Generalized Cross Entropy Solutions For Underdetermined Econometric Models," Discussion Papers 56973, University of Bonn, Institute for Food and Resource Economics.
- Herrendorf, Berthold & Rogerson, Richard & Valentinyi, Ákos, 2014.
"Growth and Structural Transformation,"
Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 2, chapter 6, pages 855-941,
Elsevier.
- Richard Rogerson & Akos Valentinyi & Berthold Herrendorf, 2007. "Growth and Structural Transformation," 2007 Meeting Papers 757, Society for Economic Dynamics.
- Rogerson, Richard & Herrendorf, Berthold & Valentinyi, Akos, 2013. "Growth and Structural Transformation," CEPR Discussion Papers 9370, C.E.P.R. Discussion Papers.
- Berthold Herrendorf & Richard Rogerson & Ákos Valentinyi, 2013. "Growth and Structural Transformation," NBER Working Papers 18996, National Bureau of Economic Research, Inc.
- Diane Coyle & Jen‐Chung Mei, 2023.
"Diagnosing the UK productivity slowdown: which sectors matter and why?,"
Economica, London School of Economics and Political Science, vol. 90(359), pages 813-850, July.
- Diane Coyle & Jen-Chung Mei, 2022. "Diagnosing the Uk Productivity Slowdown: Which Sectors Matter and Why?," Working Papers 018, The Productivity Institute.
- Morikawa, Masayuki, 2019. "Innovation in the service sector and the role of patents and trade secrets: Evidence from Japanese firms," Journal of the Japanese and International Economies, Elsevier, vol. 51(C), pages 43-51.
- Vanessa ALVIAREZ & CHEN Cheng & Nitya PANDALAI-NAYAR & Liliana VARELA & YI Kei-Mu & ZHANG Hongyong, 2021.
"Multinationals and Structural Transformation,"
Discussion papers
21100, Research Institute of Economy, Trade and Industry (RIETI).
- Alviarez, Vanessa & Chen, Cheng & Pandalai-Nayar, Nitya & Varela, Liliana & Yi, Kei-Mu & Zhang, Hongyong, 2023. "Multinationals and Structural Transformation," IDB Publications (Working Papers) 12685, Inter-American Development Bank.
- Vanessa I. Alviarez & Cheng Chen & Nitya Pandalai-Nayar & Liliana Varela & Kei-Mu Yi & Hongyong Zhang, 2022. "Multinationals and Structural Transformation," NBER Working Papers 30494, National Bureau of Economic Research, Inc.
- Andreas Hornstein & Per Krusell & Giovanni L. Violante, 2002.
"Vintage capital as an origin of inequalities,"
Proceedings, Federal Reserve Bank of San Francisco, issue Nov.
- Andreas Hornstein & Per Krusell & Giovanni L. Violante, 2002. "Vintage capital as an origin of inequalities," Working Paper 02-02, Federal Reserve Bank of Richmond.
- Violante, Giovanni & Hornstein, Andreas, 2002. "Vintage Capital as an Origin of Inequalities," CEPR Discussion Papers 3596, C.E.P.R. Discussion Papers.
- Arndt, Channing & Simler, Kenneth R., 2005.
"Estimating utility-consistent poverty lines,"
FCND briefs
189, International Food Policy Research Institute (IFPRI).
- Arndt, Channing & Simler, Kenneth R., 2005. "Estimating utility-consistent poverty lines," FCND discussion papers 189, International Food Policy Research Institute (IFPRI).
- Margarida Duarte & Diego Restuccia, 2020.
"Relative Prices and Sectoral Productivity,"
Journal of the European Economic Association, European Economic Association, vol. 18(3), pages 1400-1443.
- Diego Restuccia & Margarida Duarte, 2011. "Relative Prices and Sectoral Productivity," 2011 Meeting Papers 1345, Society for Economic Dynamics.
- Margarida Duarte & Diego Restuccia, 2019. "Relative Prices and Sectoral Productivity," Working Papers tecipa-628, University of Toronto, Department of Economics.
- Diego Restuccia & Margarida Duarte, 2015. "Relative Prices and Sectoral Productivity," 2015 Meeting Papers 1199, Society for Economic Dynamics.
- Margarida Duarte & Diego Restuccia, 2017. "Relative Prices and Sectoral Productivity," Working Papers tecipa-591, University of Toronto, Department of Economics.
- Margarida Duarte & Diego Restuccia, 2016. "Relative Prices and Sectoral Productivity," Working Papers tecipa-555, University of Toronto, Department of Economics.
- Margarida Duarte & Diego Restuccia, 2015. "Relative Prices and Sectoral Productivity," Working Papers tecipa-530, University of Toronto, Department of Economics.
- Diego Restuccia & Margarida Duarte, 2012. "Relative Prices and Sectoral Productivity," 2012 Meeting Papers 1100, Society for Economic Dynamics.
- Margarida Duarte & Diego Restuccia, 2017. "Relative Prices and Sectoral Productivity," NBER Working Papers 23979, National Bureau of Economic Research, Inc.
- Martín Cicowiez & Javier Alejo & Luciano Di Gresia & Sergio Olivieri & World Bank & Ana Pacheco, 2016.
"Export Taxes, World Prices, and Poverty in Argentina: A Dynamic CGEMicrosimulation Analysis [model, Argentina. Classification-JEL: C68, D58, I38, E62],"
International Journal of Microsimulation, International Microsimulation Association, vol. 9(1), pages 24-54.
- Martin Cicowiez & Javier Alejo & Luciano Di Gresia & Sergio Olivieri & Ana Pacheco, 2010. "Export Taxes, World Prices, and Poverty in Argentina: a Dynamic CGE-Microsimulation Analysis," Working Papers MPIA 2010-13, PEP-MPIA.
- Ana Corina Miller & Alan Matthews & Trevor Donnellan & Cathal O'Donoghue, 2011. "A 2005 Agriculture-Food SAM (AgriFood-SAM) for Ireland," The Institute for International Integration Studies Discussion Paper Series iiisdp372, IIIS.
More about this item
Keywords
Research Methods/ Statistical Methods; Labor and Human Capital;Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:pugtwp:332468. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/gtpurus.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.