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GTAP Resource #5750

"Reconciling econometric and simulation models of agricultural supply using a Generalized Extreme Value model"
by Gouel, Christophe, David Laborde and Simone Pieralli

This paper details the properties of an agricultural supply model relying on the assumption that crop yields are distributed following a Generalized Extreme Value distribution. It shows how this model compares to existing modeling approaches, especially the one commonly used in computable general equilibrium model: the constant elasticity of transformation function. It proposes an estimation strategy based on a flexible auxiliary model.

Resource Details (Export Citation) GTAP Keywords
Category: 2019 Conference Paper
Status: Published
By/In: Presented at the 22nd Annual Conference on Global Economic Analysis, Warsaw, Poland
Date: 2019
Created: Gouel, C. (4/12/2019)
Updated: Gouel, C. (6/26/2019)
Visits: 1,051
- Calibration and parameter estimation
- Land use
- Not Applicable

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