000			02419cam a22003134a 4500
001			7174
003			The World Bank
006			m d
007			cr cn|||||||||
008			020129s2015 dcu i001 0 eng
024	8		_a10.1596/1813-9450-7174
035			_a(The World Bank)7174
100	1		_aGo, Delfin S.
245	1	0	_aEstimating Parameters and Structural Change in CGE Models Using a Bayesian Cross-Entropy Estimation Approach _h[electronic resource] / _cGo, Delfin S.
260			_aWashington, D.C., _bThe World Bank, _c2015
300			_a1 online resource (44 p.)
520	3		_aThis 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	_aInformation and Communication Technologies
650		4	_aMacroeconomics and Economic Growth
650		4	_aPoverty Reduction
650		4	_aPrivate Sector Development
700	1		_aGo, Delfin S.
700	1		_aLofgren, Hans
700	1		_aRamos, Fabian Mendez
700	1		_aRobinson, Sherman
776	1	8	_aPrint version: _iGo, Delfin S. _tEstimating Parameters and Structural Change in CGE Models Using a Bayesian Cross-Entropy Estimation Approach _dWashington, D.C. : The World Bank, 2015
830		0	_aPolicy research working papers.
830		0	_aWorld Bank e-Library.
856	4	0	_uhttp://elibrary.worldbank.org/doi/book/10.1596/1813-9450-7174
999			_c142926 _d142926