Comparison between Calibration Procedure and Econometric Estimation
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F224.0

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    Abstract:

    The two methods of estimating parameter in computable general equilibrium(CGE) model are introduced and compared:the calibration procedure and econometric estimation. The conclusions are:the estimation of parameter in CGE model must use the calibration procedure coupled with the econometric estimation method;the elasticity of output with respect to labor input,the marginal expenditure share for households and price elasticity of export demand are estimated by econometric estimation method;and other parameters of the CGE model can be get by calibration procedure.

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周焯华 张宗益 等.校准方法与计量经济方法的比较[J].重庆大学学报,2001,24(2):103~106

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  • Received:
  • Revised:September 30,2000
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