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Estibration: An Illustration of Structural Estimation As Calibration


Edward J. Balistreri


Colorado School of Mines - Division of Economics and Business

Russell H. Hillberry


University of Melbourne - Department of Economics
July 2004



Abstract:     
Christina Dawkins, T.N. Srinivasan, and John Whalley (2001) propose that estimation is calibration. We illustrate their point by examining a recent econometric study by James E. Anderson and Eric van Wincoop (2003). We replicate the econometric process, and show it to be a calibration of a general equilibrium model. Our approach offers unique insights into structural estimation, and we highlight the importance of traditional calibration considerations when one uses econometric techniques to calibrate a model for comparative policy analysis.

Number of Pages in PDF File: 40

Keywords: Calibration, estimation, general equilibrium

JEL Classification: F10, C13, C60

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Date posted: September 14, 2004  

Suggested Citation

Balistreri, Edward J. and Hillberry, Russell H., Estibration: An Illustration of Structural Estimation As Calibration (July 2004). Available at SSRN: http://ssrn.com/abstract=589062 or http://dx.doi.org/10.2139/ssrn.589062

Contact Information

Edward J. Balistreri (Contact Author)
Colorado School of Mines - Division of Economics and Business ( email )
1500 Illinois Street
Golden, CO 80401
United States
202-205-3265 (Phone)
202-205-2340 (Fax)
Russell H. Hillberry
University of Melbourne - Department of Economics ( email )
Melbourne
Australia
Feedback to SSRN (Beta)


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