Rigorous Speculation: The Collapse and Revival of the North Korean Economy
Marcus Noland (),
Sherman Robinson () and
No WP99-1, Working Paper Series from Peterson Institute for International Economics
In this paper we use cross-entropy estimation techniques to construct the underlying data base for a computable general equilibrium model (CGE) of the North Korean economy, starting from incomplete data ridden with gross measurement errors. The cross-entropy estimation approach is powerful and flexible, allowing us to make full use of what information we have in whatever form. CGE modeling forces internal consistency. The end product is a model that incorporates fragmentary information in a rigorous way and allows us to examine the implications of a number of alternative scenarios including rehabilitation of flood-affected lands, liberalization of the international trade regime, and military demobilization.
References: Add references at CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
https://www.piie.com/publications/working-papers/r ... north-korean-economy (text/html)
Journal Article: Rigorous Speculation: The Collapse and Revival of the North Korean Economy (2000)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:iie:wpaper:wp99-1
Access Statistics for this paper
More papers in Working Paper Series from Peterson Institute for International Economics Contact information at EDIRC.
Bibliographic data for series maintained by Peterson Institute webmaster ().