GTAP Resources: Resource Display
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"Entropy Theory and RAS are Friends" Authors: McDougall, Robert Abstract May 1999 Presented at the Second Annual Conference on Global Economic Analysis Recent research in applications of entropy theory to matrix balancing problems in eco-nomics has put powerful new tools in the hands of data base developers, but overshadowed some previous findings. We recall earlier findings that the RAS is an entropy-theoretic model. Investigating the properties of a more recently proposed entropy-theoretic model, we find that in general the RAS remains preferable. We show further that the RAS can be obtained also as a generalised cross-entropy model. Finally, we present examples illus-trating how entropy-theoretic techniques can extend the RAS to handle a wider range of problems. |
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Public Access  GTAP Working Paper No. 06 (93.5 KB) Replicated: 0 time(s)Restricted Access No documents have been attached. Special Instructions No instructions have been specified. |
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