Extended Sensitivity Analysis for Applied General Equilibrium Models

Christina Dawkins ()

Revista de Economía del Rosario, 2005, No 2704

Abstract: Previous sensitivity analysis procedures for applied general equilibrium models have focussed on the values of exogenously assigned elasticity parameters, while the calibrated parameters -those that are obtained from combining elasticity information with flow or stock data- have been largely ignored. Calibrated parameters are central to a model´s specification, and uncertainty surrounding their values affects the credibility of the model´s results. This paper introduces and illustrates a calibrated parameter sensitivity analysis (CPSA) which, when combined with previous elasticity sensitivity analysis procedures in an `extended sensitivity analysis´, allows modelers to undertake sensitivity analysis over the full set of model parameters.

Keywords: Sensitivity Analysis; Calibration (search for similar items in EconPapers)
JEL-codes: C63 (search for similar items in EconPapers)
Date: 2005
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://revistas.urosario.edu.co/index.php/economia/article/view/1029/928

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:col:000151:002704

Access Statistics for this article

More articles in Revista de Economía del Rosario from Universidad del Rosario Contact information at EDIRC.
Bibliographic data for series maintained by Facultad de Economía ().