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GTAP Resource #6374

"Economic modeling and the choice of model parameters: Case of land use modeling"
by Taheripour, Farzad, Xin Zhao and Ehsanreza Sajedinia

While alternative calibration approaches have been developed and widely used in CGE modeling, the existing literature in this area has not been fully developed and lacks important deficiencies. Here, we address two important items. First, the existing literature in this area has been mainly focused on the trade elasticities, the demand elasticities, and the rate substitution among inputs in production functions. Thus far, no major effort has been developed to determine the behavioral parameters that govern supplies of primary inputs such as land and resources in CGE modeling. Only a few preliminary efforts have been made in this area. Second, the existing calibration efforts commonly have determined their desired parameters assuming other model parameters are valid and given. This approach basically ignores interactions among the parameters of a model and their implications. This paper highlights these interactions and their implications.

Resource Details (Export Citation) GTAP Keywords
Category: 2021 Conference Paper
Status: Not published
By/In: Presented during the 24th Annual Conference on Global Economic Analysis (Virtual Conference)
Date: 2021
Version: Version 1
Created: Taheripour, F. (4/15/2021)
Updated: Taheripour, F. (6/24/2021)
Visits: 857
- Calibration and parameter estimation
- Model validation and sensitivity analysis

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Posted by: Taheripour, Farzad   4/15/2021 4:15:00 PM