A Macro CGE Model for the Colombian Economy

Andrés M. Velasco () and Camilo A. Cárdenas Hurtado ()

No 12426, Borradores de Economia from Banco de la Republica

Abstract: This paper presents the construction of a tailor-made Macro Computable General Equilibrium Model for the Colombian economy that satisfies Banco de la República's macroeconomic programming and forecasting interests. Using information on the national accounts divulged by the National Statistics Department (DANE), we set an easily updatable Macro Social Accounting Matrix that serves as a starting point for the model parameters calibration and estimation.

Keywords: Social Accounting Matrix; Computable General Equilibrium Models; Colombian Economy; Macroeconomic Programming. (search for similar items in EconPapers)
JEL-codes: C67 C68 D57 D58 (search for similar items in EconPapers)
Pages: 25
Date: 2015-01-20
New Economics Papers: this item is included in nep-cmp
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Related works:
Working Paper: A Macro CGE Model for the Colombian Economy (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:col:000094:012426

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