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Functional Forms and Parametrization of Cge ModelsNabil AnnabiLaval University - Département d'Économique John CockburnPoverty and Economic Policy (PEP) Research Network; Centre interuniversitaire sur le risque, les politiques économiques et l'emploi (CIRPÉE); Laval University - Département d'Économique Bernard DecaluweLaval University - Département d'Économique March 1, 2006 MPIA Working Paper No. 2006-04 Abstract: 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.
Number of Pages in PDF File: 44 Keywords: Trade liberalization, Poverty, elasticities, functional forms, calibration, Computable General Equilibrium (CGE) model JEL Classification: C51, C81, C82, D58, E27 working papers seriesDate posted: April 27, 2006 ; Last revised: August 18, 2009Suggested CitationContact Information
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