A CALIBRATION METHOD FOR AGRICULTURAL ECONOMIC PRODUCTION MODELS
提出一种利用替代弹性数据自动校准农业CES生产模型的方法,模型满足微观经济学条件,能平滑响应政策变化,适用于政策分析。
A method for calibrating agricultural production models is presented. The data requirements are those for a linear programming model with the addition of elasticities of substitution. Using these data, production models with a CES production function can be simply and automatically calibrated using small computers. The resulting models are shown to satisfy the standard microeconomic conditions. When used for analysis of policy changes, the CES models are able to respond smoothly to changes in prices or constraints. Prior estimates of elasticities of substitution, supply or demand can be incorporated in the models.