Loading...
Please wait, while we are loading the content...
Similar Documents
Estimating General Equilibrium Trade Policy E ects : GE
| Content Provider | Semantic Scholar |
|---|---|
| Author | Anderson, James Larch, Mario Yotov, Yoto Valentinov |
| Copyright Year | 2015 |
| Abstract | We develop a simple estimation procedure for general equilibrium (GE) comparative static analysis of gravity models. Non-linear solvers of estimated models are replaced by (constrained) regressions. Applied economists can more readily generate results, with more intuition about the working of the model. We illustrate with a worldwide border removal application using the Poisson Pseudo-Maximum-Likelihood (PPML) estimator in STATA, iterated to deliver conditional and full general equilibrium responses. The method works by fully exploiting the combined properties of structural gravity and PPML. Our procedures readily extend to a wide class of general equilibrium production models. JEL Classi cation Codes: F10, F14, F16 |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | https://www2.bc.edu/james-anderson/GEPPML.pdf |
| Alternate Webpage(s) | https://www.etsg.org/ETSG2015/Papers/440.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
