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

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 in a single country CGE model. We examine and validate seven determinants including structural characteristics of the model, the parameterization of behavioral functions and properties of the sectors concerned.


Variant title:
INTERNATIONALE PREISTRANSMISSION IN ALLGEMEINEN GLEICHGEWICHTSMODELLEN
Issue Date:
2012
Publication Type:
Conference Paper/ Presentation
PURL Identifier:
http://purl.umn.edu/137388
Total Pages:
14




 Record created 2017-04-01, last modified 2017-08-26

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