Record Details

Sensitivity Analysis in Computable General Equilibrium Models: An Application for the Regional Effects of the Free Trade Area of the Americas (FTAA)

Brazilian Review of Econometrics

View Archive Info
 
 
Field Value
 
Title Sensitivity Analysis in Computable General Equilibrium Models: An Application for the Regional Effects of the Free Trade Area of the Americas (FTAA)
Sensitivity Analysis in Computable General Equilibrium Models: An Application for the Regional Effects of the Free Trade Area of the Americas (FTAA)
 
Creator Domingues, Edson Paulo; CEDEPLAR-UFMG
Haddad, Eduardo Amaral; IPE-USP and REAL-UIUC
 
Subject Sensitivity Analysis; Computable General Equilibrium; Regional Models; FTAA
C68
Sensitivity Analysis; Computable General Equilibrium; Regional Models; FTAA
C68
 
Description The goal of this paper is to explore an applied tool for sensitivity analysis in computable general equilibrium models (CGE). An interregional CGE model is used to assess the impacts of the Free Trade Area of the Americas (FTAA) on Brazilian regions. As interregional substitution and factor mobility can be the key mechanisms that drive the model results, one should take closer attention to the estimated regional trade elasticities. Since information for proper estimation is rarely available, qualitative sensitivity analysis should be designed and used together with systematic quantitative sensitivity analysis. The sensitivity of results to parameters is evaluated in such a way that we can assess the robustness of results to different levels of elasticities of substitution
The goal of this paper is to explore an applied tool for sensitivity analysis in computable general equilibrium models (CGE). An interregional CGE model is used to assess the impacts of the Free Trade Area of the Americas (FTAA) on Brazilian regions. As interregional substitution and factor mobility can be the key mechanisms that drive the model results, one should take closer attention to the estimated regional trade elasticities. Since information for proper estimation is rarely available, qualitative sensitivity analysis should be designed and used together with systematic quantitative sensitivity analysis. The sensitivity of results to parameters is evaluated in such a way that we can assess the robustness of results to different levels of elasticities of substitution
 
Publisher Sociedade Brasileira de Econometria
 
Date 2005-05-01
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
—
—
 
Format application/pdf
 
Identifier http://bibliotecadigital.fgv.br/ojs/index.php/bre/article/view/2674
10.12660/bre.v25n12005.2674
 
Source Brazilian Review of Econometrics; Vol 25, No 1 (2005); 115–137
Brazilian Review of Econometrics; Vol 25, No 1 (2005); 115–137
1980-2447
 
Language eng
 
Relation http://bibliotecadigital.fgv.br/ojs/index.php/bre/article/view/2674/1625