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GTAP Resources: Resource Display

GTAP Resource #3084

"A Maximum Entropy Estimation of Armington Elasticities for Mexico"
by Nunez-Rodriguez, Gaspar


Abstract
Armington elasticities are a key parameter in applied general equilibrium models. However, frequently only educated guesses, or extrapolated figures, are used to run the models, and Mexico has not been an exception. In this working paper, given the quantity and quality of available data from the Mexican statistics institute, we consider the Maximum Entropy approach to be a suitable tool to estimate such elasticities for Mexico. Using annual time series from 1988 to 2004, we estimate the Armington elasticities using the 72 Activities disaggregation level of the System of National Accounts of Mexico. Specifically, we use three model specifications to estimate short run and long run elasticities. The first model is just the simplest model in levels, while the second one is a partial adjustmente model, and the third one an error correction mechanism model.


Resource Details (Export Citation) GTAP Keywords
Category: 2009 Conference Paper
Status: Published
By/In: Presented at the 12th Annual Conference on Global Economic Analysis, Santiago, Chile
Date: 2009
Version:
Created: Nunez-Rodriguez, G. (4/15/2009)
Updated: Nunez-Rodriguez, G. (4/15/2009)
Visits: 2,210
- Trade in textiles and wearing apparel
- Domestic policy analysis
- Calibration and parameter estimation
- North America


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