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 productivity and other structural parameters in the model may have shifted over time to contribute to the generation of historically observed changes in the economic arrangement. In this approach, the parameters...
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INFORMACIÓN
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2015/01/01
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Documento de trabajo sobre investigaciones relativas a políticas
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WPS7174
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1
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1
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2014/01/01
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Disclosed
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Estimating parameters and structural change in CGE models using a Bayesian cross-entropy estimation approach
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international food policy research institute