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000024471 037__ $$a724-2016-49118
000024471 041__ $$aen
000024471 084__ $$aB41
000024471 084__ $$aC61
000024471 084__ $$aF13
000024471 084__ $$aQ18
000024471 084__ $$aQ17
000024471 245__ $$aProperties of Flexible Functional Forms for Modeling Bilateral Export Supply and Import Demand in Multi-Country Agri-Food Models
000024471 260__ $$c2005
000024471 269__ $$a2005
000024471 300__ $$a20
000024471 336__ $$aConference Paper/ Presentation
000024471 446__ $$aEnglish
000024471 490__ $$aContributed Paper
000024471 520__ $$aThis paper illustrates the opportunities of incorporating more advanced functional forms into multi-country trade policy models. It suggests the use of flexible forms such as the Symmetric Generalized McFadden Function (SGMF) or the Normalized Quadratic-Quadratic Expenditure System (NQQES). Particularly if issues namely trade in differentiated products, preferential trade and effects of standards and traceability on bilateral trade are considered the NQQES offers attractive properties since it allows estimating variety specific expenditure elasticities which might compensate for example increased certification costs. A second aim of the paper refers to the critique on the handling of model parameters in calibrated policy models. In general, employed elasticities violate the theoretical conditions. We describe the calibration procedure developed to obtain model parameters consistent with economic theory.
000024471 650__ $$aInternational Relations/Trade
000024471 650__ $$aResearch Methods/ Statistical Methods
000024471 6531_ $$abilateral trade modelling
000024471 6531_ $$aflexible functions
000024471 6531_ $$acalibration
000024471 700__ $$aWinter, Etti Maria
000024471 700__ $$aFrohberg, Klaus
000024471 8564_ $$s179735$$uhttp://ageconsearch.umn.edu/record/24471/files/cp05wi01.pdf
000024471 887__ $$ahttp://purl.umn.edu/24471
000024471 909CO $$ooai:ageconsearch.umn.edu:24471$$qGLOBAL_SET
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  Previous issue date: 2005
000024471 982__ $$gEuropean Association of Agricultural Economists>2005 International Congress, August 23-27, 2005, Copenhagen, Denmark
000024471 980__ $$a724