Validating Prediction of a CGE Model of India: An Introspection

Sanjib Pohit (spohit@ncaer.org), Rajesh Chadha (rchadha@csep.org), Devender Pratap and B. K. Ghosh

MPRA Paper from University Library of Munich, Germany

Abstract: Although computable general equilibrium (CGE) models have been used extensively to evaluate the potential impact of economic reforms, few efforts have been made to assess the predictive power of the models. This paper attempts to test the performance of one such model, viz., Chadha, Pohit, Deardorff and Stern’s study of India’s unilateral trade/domestic policy reforms in the 1990s. Our model does not incorporate many of the rigidities/features of the Indian economy. Nevertheless, our model can perform quite well at simulating, if not forecasting, actual changes in sectoral output and exports

Keywords: CGE; Validation; India (search for similar items in EconPapers)
JEL-codes: F1 F15 F17 (search for similar items in EconPapers)
Date: 1999
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/94860/1/MPRA_paper_94860.pdf original version (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:pra:mprapa:94860

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter (winter@lmu.de).