期刊
ECONOMIC SYSTEMS RESEARCH
卷 21, 期 1, 页码 45-58出版社
ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD
DOI: 10.1080/09535310902731270
关键词
Calibration; CGE modeling; CES utility and cost functions
类别
We show how to calibrate CES production and utility functions when indirect taxation affecting inputs and consumption is present. These calibrated functions can then be used in computable general equilibrium models. Taxation modifies the standard calibration procedures since any taxed good has two associated prices and a choice of reference value units has to be made. We also provide an example of computer code to solve the calibration of CES utilities under two alternate normalizations.
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