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Calibration of CES functions for real-world multisectoral modeling

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dc.creator Sancho, Ferrán
dc.date 2007-10-29T17:32:48Z
dc.date 2007-10-29T17:32:48Z
dc.date 2007-10-15
dc.date.accessioned 2017-01-31T00:57:39Z
dc.date.available 2017-01-31T00:57:39Z
dc.identifier http://hdl.handle.net/10261/1683
dc.identifier.uri http://dspace.mediu.edu.my:8181/xmlui/handle/10261/1683
dc.description We show how to calibrate CES production and utility functions when indirect taxation affecting inputs and consumption is present. These calibrated functions can then be used in computable general equilibrium models. Taxation modifies the standard calibration procedures since any taxed good has two associated prices and a choice of reference value units has to be made. We also provide an example of computer code to solve the calibration of CES utilities under two alternate normalizations. To our knowledge, this paper fills a methodological gap in the CGE literature.
dc.description Institutional support from research grants SEC200-712 and SGR2005-0712 is gratefully acknowledged.
dc.language eng
dc.relation 715.07
dc.relation UFAE and IAE Working Papers
dc.rights openAccess
dc.title Calibration of CES functions for real-world multisectoral modeling
dc.type Documento de trabajo


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