This study focused on the analysis of the role of elasticities within the framework of the 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, the task then consisted in reviewing 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 de-veloping countries.
Project leader: John Cockburn
No journal publications.
|Functional Forms and Parametrization of CGE Models||2006-03-15||360.09KB||0||0|
No policy briefs.
No final reports.
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