Functional Forms and Parametrization of CGE Models
Nabil Annabi (),
John Cockburn () and
Bernard Decaluwe ()
Working Papers MPIA from PEP-MPIA
This study focused on the choice of functional forms and their parametrization (estimation of free parameters and calibration of other parameters) in the context of CGE models. Various types of elasticities are defined, followed by a presentation of the functional forms most commonly used in these models and various econometric methods for estimating their free parameters. Following this presentation of the theoretical framework, we review parameter estimates used in the literature. This brief literature review was carried out to be used as a guideline for the choice of parameters for CGE models of developing countries.
Keywords: Trade liberalization; Poverty; Elasticities; Functional forms; Calibration; Computable General Equilibrium (CGE)Model (search for similar items in EconPapers)
JEL-codes: C51 C81 C82 D58 E27 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cmp, nep-ecm and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (26) Track citations by RSS feed
Downloads: (external link)
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:lvl:mpiacr:2006-04
Access Statistics for this paper
More papers in Working Papers MPIA from PEP-MPIA Contact information at EDIRC.
Bibliographic data for series maintained by Manuel Paradis ().