Economic modeling and the choice of model parameters: Case of land use modeling

Farzad Taheripour, Xin Zhao and Ehsanreza Sajedinia

No 330213, Conference papers from Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project

Abstract: While alternative calibration approaches have been developed and widely used in CGE modeling, the existing literature in this area has not been fully developed and lacks important deficiencies. Here, we address two important items. First, the existing literature in this area has been mainly focused on the trade elasticities, the demand elasticities, and the rate substitution among inputs in production functions. Thus far, no major effort has been developed to determine the behavioral parameters that govern supplies of primary inputs such as land and resources in CGE modeling. Only a few preliminary efforts have been made in this area. Second, the existing calibration efforts commonly have determined their desired parameters assuming other model parameters are valid and given. This approach basically ignores interactions among the parameters of a model and their implications. This paper highlights these interactions and their implications.

Keywords: Land; Economics/Use (search for similar items in EconPapers)
Pages: 2
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/330213/files/10492_Taheripour.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:330213

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 ().