Estimating Parameters and Structural Change in CGE Models Using a Bayesian Cross-Entropy Estimation Approach

This paper uses a three-step Bayesian cross-entropy estimation approach in an environment of noisy and scarce data to estimate behavioral parameters for a computable general equilibrium model. The estimation also measures how labor-augmenting produ...

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Bibliographic Details
Main Authors:	Go, Delfin S., Lofgren, Hans, Mendez Ramos, Fabian, Robinson, Sherman
Format:	Publications & Research
Language:	English en_US
Published:	World Bank Group, Washington, DC 2015
Subjects:	ADVANCED COUNTRIES AGRICULTURE ARRANGEMENT BASE YEAR CAPITAL-LABOR RATIO COAUTHORS COMMODITIES COMPETITIVENESS CONSTANT ELASTICITY CONSTANT PRICES CONSTANT RETURNS CONSTANT RETURNS TO SCALE CURRENCY DATA ELEMENTS DATA SET DATA SETS DESCRIPTION DEVELOPED COUNTRIES DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT ECONOMICS DEVELOPMENT POLICY DISTRIBUTION PARAMETER DOMAIN DYNAMIC BEHAVIOR ECONOMETRICS ECONOMIC EFFICIENCY ECONOMIC POLICY ECONOMIC REVIEW ECONOMIC STRUCTURE ECONOMIC STRUCTURES ECONOMIC SYSTEMS ECONOMIC THEORY ECONOMIC TRANSFORMATION ELASTICITY ELASTICITY OF SUBSTITUTION EMPIRICAL ESTIMATION ENDOGENOUS VARIABLES EQUATIONS EQUILIBRIUM EQUILIBRIUM DYNAMICS EQUILIBRIUM THEORY EXOGENOUS VARIABLES EXPECTED VALUE EXPECTED VALUES EXPORTS EXTERNAL SHOCKS FACTOR COMPONENTS FEDERAL RESERVE FEDERAL RESERVE BANK FOREIGN TRADE FUNCTIONAL FORM FUTURE RESEARCH GDP GDP DEFLATOR GENERAL EQUILIBRIUM MODEL GLOBALIZATION GROWTH EPISODES GROWTH RATE GROWTH RATES HISTORICAL DATA INCOMES INDEXES INDICES INDUSTRIALIZATION INEQUALITY INFORMATION PROCESSING INFORMATION TECHNOLOGY INNOVATION MACROECONOMIC ANALYSIS MACROECONOMICS MANUFACTURING MANUSCRIPT MEAN VALUE MEASUREMENT ERROR MODEL ESTIMATION NATIONAL INCOME NATIONAL OUTPUT NORMAL DISTRIBUTION NOTATION NOTATIONS OBSERVED CHANGES OPEN ACCESS OPEN ECONOMY OPTIMIZATION OUTPUTS POLICY DISCUSSIONS POLICY FORMULATION POLICY RESEARCH PRICE CHANGES PRICE SERIES PROBABILITIES PROBABILITY PRODUCT DIFFERENTIATION PRODUCTION FUNCTIONS PRODUCTION STRUCTURE PRODUCTIVITY PRODUCTIVITY GROWTH PROTOTYPE REGIONAL ACCOUNTS REGIONAL LEVEL RELATIVE PRICES RELIABILITY RESULT RESULTS SAVINGS SERIES DATA SMALL ECONOMIES STATISTICAL ANALYSIS STRUCTURAL CHANGE TARGETS TAX TAX RATES TECHNOLOGICAL CHANGE TOTAL FACTOR PRODUCTIVITY TRADE STRUCTURE TRANSACTION USES VALUE ADDED VALUE ADDED SERVICES WEB WORLD DEVELOPMENT INDICATORS
Online Access:	http://documents.worldbank.org/curated/en/2015/01/23855951/estimating-parameters-structural-change-cge-models-using-bayesian-cross-entropy-estimation-approach http://hdl.handle.net/10986/21391

Internet

http://documents.worldbank.org/curated/en/2015/01/23855951/estimating-parameters-structural-change-cge-models-using-bayesian-cross-entropy-estimation-approach
http://hdl.handle.net/10986/21391

Estimating Parameters and Structural Change in CGE Models Using a Bayesian Cross-Entropy Estimation Approach

Internet

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