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Calibración de modelos de equilibrio general computado: Métodos y práctica usual
[Calibration of CGE models: Methods and current practice]

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  • Romero, Carlos A.

Abstract

The present article presents a discussion of the methods generally adopted to build the database and to estimate the parameters that requires the implementation of computable general equilibrium models. Basically, this paper deals with “calibration” procedures for CGE models, which are utilized to infer economic data parameters values of a specific period, and that once specified those values in a model applied, reproduce endogenously the data of the period base as a solution. These procedures are the construction of the social accounting matrix, and the utilization of the cross entropy method to assure the consistency; the final calibration of the behavioral parameters and the validation of the model. The main objective is to present the methods, for which some examples were developed, and the related literature that is essential for their implementation.

Suggested Citation

  • Romero, Carlos A., 2009. "Calibración de modelos de equilibrio general computado: Métodos y práctica usual [Calibration of CGE models: Methods and current practice]," MPRA Paper 17767, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:17767
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    References listed on IDEAS

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    Cited by:

    1. Chisari, Omar Osvaldo & Mastronardi, Leonardo Javier & Romero, Carlos Adrián, 2012. "Building an input-output Model for Buenos Aires City," MPRA Paper 40028, University Library of Munich, Germany.
    2. Omar O. Chisari & Gustavo Ferro & Juan Pablo Vila Martínez, 2017. "International mobility of capital, wage indexation, and the cost of policy mistakes under ambiguity: a CGE evaluation," International Economics and Economic Policy, Springer, vol. 14(4), pages 643-660, October.
    3. Timilsina, Govinda R. & Chisari, Omar O. & Romero, Carlos A., 2013. "Economy-wide impacts of biofuels in Argentina," Energy Policy, Elsevier, vol. 55(C), pages 636-647.
    4. Onil Banerjee & Martín Cicowiez, 2021. "Construcción de una Matriz de Contabilidad Social para Argentina para el Año 2018," CEDLAS, Working Papers 0287, CEDLAS, Universidad Nacional de La Plata.
    5. Mastronardi, Leonardo Javier & Romero, Carlos Adrián, 2012. "Estimación de matrices de insumo producto regionales mediante métodos indirectos. Una aplicación para la ciudad de Buenos Aires [A non-survey estimation for regional input-output tables. An applica," MPRA Paper 37006, University Library of Munich, Germany.

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    More about this item

    Keywords

    Computable general equilibrium; Calibration;

    JEL classification:

    • C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models
    • C81 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Microeconomic Data; Data Access

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