A Baseline Calibration Procedure for CGE models: An Application for DART

Ding Jin, Sneha Dattatraya Thube, Johannes Hedtrich, Christian Henning and Ruth Delzeit

No 333057, Conference papers from Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project

Abstract: In the recent years the research interests in the field of Computable General Equilibrium (CGE) modeling has been placed on calibrating the baseline dynamics to forecasts. This paper suggests the formal method to calibrate all exogenous parameters of the Dynamic Applied Reional Trade (DART) model to forecasts from the the World Energy Outlook 2018 re_x0002_port. First, we determine the exogenous parameters (inputs) and forecasts (outputs) for the calibration procedure. Then we use the metamodeling method to generate surrogate models for the DART model. In the next step, we implement the Maximum A Posterior (MAP) method to estimate the exogenous parameters that are used to calibrate the baseline dynamics. Finally, we run the simulation with the estimates to test the performance.

Keywords: Research; Methods/Statistical; Methods (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://ageconsearch.umn.edu/record/333057/files/9251.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:pugtwp:333057

Access Statistics for this paper

More papers in Conference papers from Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().