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International price transmission in CGE models: How to reconcile econometric evidence and endogenous model response?

Siddig, Khalid; Grethe, Harald - In: Economic Modelling 38 (2014) C, pp. 12-22

markets is growing particularly since the 2006–2008 food price hikes. However, the field is dominated by econometric Price … of price transmission in CGE models. Due to this endogeneity, the calibration of CGE models to empirically observed price … certain level of price transmission. This paper aims at paving the way for the integrated use of PTA and CGE models by …

Persistent link: https://www.econbiz.de/10010753361

INTERNATIONAL PRICE TRANSMISSION IN CGE MODELS: HOW TO RECONCILE ECONOMETRIC EVIDENCE AND ENDOGENOUS MODEL RESPONSE?

Siddig, Khalid H.A.; Grethe, Harald - Gesellschaft für Wirtschafts- und Sozialwissenschaften … - 2012

The field of price transmission is dominated by econometric time-series analysis (PTA) and rather disconnected from … analyses based on CGE models. This paper addresses how a certain degree of empirically determined price transmission can be met … model, the parameterization of behavioral functions and properties of the sectors concerned. …

Persistent link: https://www.econbiz.de/10010882291

Substitutability and the Cost of Climate Mitigation Policy

Lu, Yingying; Stern, David I. - Crawford School of Public Policy, Australian National … - 2014

We explore how and by how much the values of elasticities of substitution affect estimates of the cost of emissions reduction policies in computable general equilibrium (CGE) models. We use G-Cubed, an intertemporal CGE model, to carry out a sensitivity and factor decomposition analysis. Average...

Persistent link: https://www.econbiz.de/10010904224

A new robustness analysis for climate policy evaluations: A CGE application for the EU 2020 targets

Hermeling, Claudia; Löschel, Andreas; Mennel, Tim - In: Energy Policy 55 (2013) C, pp. 27-35

This paper introduces a new method for stochastic sensitivity analysis for computable general equilibrium (CGE) model based on Gauss Quadrature and applies it to check the robustness of a large-scale climate policy evaluation. The revised version of the Gauss-quadrature approach to sensitivity...

Persistent link: https://www.econbiz.de/10011046736

Target Fitting and Robustness Analysis in CGE Models

Garber, Gabriel; Haddad, Eduardo A. - Departamento de Economia, Faculdade de Economia, … - 2012

This paper proposes a methodology to integrate econometric models with Johansen-type computable general equilibrium (CGE) models in instances when it is necessary to generate results consistent with a subset of variables that are endogenous to both models. Results for a subset of the CGE...

Persistent link: https://www.econbiz.de/10010569396

Capital Malleability, Emission Leakage and the Cost of Partial Climate Policies: General Equilibrium Analysis of the European Union Emission Trading System

Lanzi, Elisa; Wing, Ian Sue - In: Environmental & Resource Economics 55 (2013) 2, pp. 257-289

Computable general equilibrium (CGE) models are the premier analytical platform for assessing the economic impacts of climate change mitigation. But these models tend to treat physical capital as “malleable”, capable of reallocation among sectors over the time-period for which equilibrium is...

Persistent link: https://www.econbiz.de/10010987545

Trade and Growth under Limited Liberalization

Bakanova, Marina; Souza, Lúcio Vinhas de - Tinbergen Instituut - 2002

This paper studies the connection between trade and growth in the context of a partial and inconsistent liberalization process in a specific Eastern European country in transition towards market economy, namely, the Republic of Belarus. The analysis of the country trade patterns during the USSR...

Persistent link: https://www.econbiz.de/10011256548

Shifting Armington trade preferences: A re-examination of the Mercosur–EU negotiations

Philippidis, G.; Resano, H.; Sanjuán, A.I. - In: Economic Modelling 40 (2014) C, pp. 21-32

This paper examines the ‘small share’ problem inherent within the constant elasticity of substitution Armington specification. As a de facto research tool in the quantitative trade literature, this structural bias plagues the results of numerous multi-region CGE studies. Kuiper and van...

Persistent link: https://www.econbiz.de/10011048796

WP 2011-1 CGE Applications in Development Economics

Taylor, Lance - Bernard Schwartz Center for Economic Policy Analysis … - 2011

This paper begins with an informal history of developing country CGE models, going on to specification and closure, and finally describes a few models with financial extensions. Sectoral detail is central to CGE analysis, but after an initial sketch of an n-sector system most of the discussion...

Persistent link: https://www.econbiz.de/10009643526

Sensitivity, stability and parametric analysis

Fiacco, Anthony V. (contributor); Bank, Bernd (contributor) - 1984

Persistent link: https://www.econbiz.de/10009604196