Estimating Parameters and Structural Change in CGE Models Using a Bayesian Cross-Entropy Estimation Approach (Record no. 142926)
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000 -LEADER | |
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fixed length control field | 02419cam a22003134a 4500 |
001 - CONTROL NUMBER | |
control field | 7174 |
003 - CONTROL NUMBER IDENTIFIER | |
control field | The World Bank |
006 - FIXED-LENGTH DATA ELEMENTS--ADDITIONAL MATERIAL CHARACTERISTICS--GENERAL INFORMATION | |
fixed length control field | m d |
007 - PHYSICAL DESCRIPTION FIXED FIELD--GENERAL INFORMATION | |
fixed length control field | cr cn||||||||| |
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
fixed length control field | 020129s2015 dcu i001 0 eng |
024 8# - OTHER STANDARD IDENTIFIER | |
Standard number or code | 10.1596/1813-9450-7174 |
035 ## - SYSTEM CONTROL NUMBER | |
System control number | (The World Bank)7174 |
100 1# - MAIN ENTRY--PERSONAL NAME | |
Personal name | Go, Delfin S. |
245 10 - TITLE STATEMENT | |
Title | Estimating Parameters and Structural Change in CGE Models Using a Bayesian Cross-Entropy Estimation Approach |
Medium | [electronic resource] / |
Statement of responsibility, etc | Go, Delfin S. |
260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) | |
Place of publication, distribution, etc | Washington, D.C., |
Name of publisher, distributor, etc | The World Bank, |
Date of publication, distribution, etc | 2015 |
300 ## - PHYSICAL DESCRIPTION | |
Extent | 1 online resource (44 p.) |
520 3# - SUMMARY, ETC. | |
Summary, etc | This paper uses a three-step Bayesian cross-entropy estimation approach in an environment of noisy and scarce data to estimate behavioral parameters for a computable general equilibrium model. The estimation also measures how labor-augmenting productivity and other structural parameters in the model may have shifted over time to contribute to the generation of historically observed changes in the economic arrangement. In this approach, the parameters in a computable general equilibrium model are treated as fixed but unobserved, represented as prior mean values with prior error mass functions. Estimation of the parameters involves using an information-theoretic Bayesian approach to exploit additional information in the form of new data from a series of social accounting matrices, which are assumed were measured with error. The estimation procedure is "efficient" in the sense that it uses all available information and makes no assumptions about unavailable information. As illustration, the methodology is applied to estimate the parameters of a computable general equilibrium model using alternative data sets for the Republic of Korea and Sub-Saharan Africa. |
650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
Topical term or geographic name as entry element | Information and Communication Technologies |
650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
Topical term or geographic name as entry element | Macroeconomics and Economic Growth |
650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
Topical term or geographic name as entry element | Poverty Reduction |
650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
Topical term or geographic name as entry element | Private Sector Development |
700 1# - ADDED ENTRY--PERSONAL NAME | |
Personal name | Go, Delfin S. |
700 1# - ADDED ENTRY--PERSONAL NAME | |
Personal name | Lofgren, Hans |
700 1# - ADDED ENTRY--PERSONAL NAME | |
Personal name | Ramos, Fabian Mendez |
700 1# - ADDED ENTRY--PERSONAL NAME | |
Personal name | Robinson, Sherman |
776 18 - ADDITIONAL PHYSICAL FORM ENTRY | |
Main entry heading | Print version: |
Display text | Go, Delfin S. |
Title | Estimating Parameters and Structural Change in CGE Models Using a Bayesian Cross-Entropy Estimation Approach |
Place, publisher, and date of publication | Washington, D.C. : The World Bank, 2015 |
830 #0 - SERIES ADDED ENTRY--UNIFORM TITLE | |
Uniform title | Policy research working papers. |
830 #0 - SERIES ADDED ENTRY--UNIFORM TITLE | |
Uniform title | World Bank e-Library. |
856 40 - ELECTRONIC LOCATION AND ACCESS | |
Uniform Resource Identifier | <a href="http://elibrary.worldbank.org/doi/book/10.1596/1813-9450-7174">http://elibrary.worldbank.org/doi/book/10.1596/1813-9450-7174</a> |
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