Permalink: http://hdl.handle.net/1866/2048
How Prescribed Policy Can Mislead when Data Are Defective: a Follow-Up to Srinivasan (1994) Using General Equilibrium.
Article
Series/Report no.
Cahier de recherche #9606Keywords
- [JEL:D50] Microeconomics - General Equilibrium and Disequilibrium - General
- [JEL:D57] Microeconomics - General Equilibrium and Disequilibrium - Input-Output Tables and Analysis
- [JEL:O10] Economic Development, Technological Change, and Growth - Economic Development - General
- [JEL:D50] Microéconomie - Équilibre général et déséquilibre - Généralités
- [JEL:D57] Microéconomie - Équilibre général et déséquilibre - Analyses entrées-sorties
- [JEL:O10] Développement économique, changement technologique et croissance - Développement économique - Généralités
Abstract(s)
We highlight an example of considerable bias in officially published input-output data (factor-income shares) by an LDC (Turkey), which many researchers use without question. We make use of an intertemporal general equilibrium model of trade and production to evaluate the dynamic gains for Turkey from currently debated trade policy options and compare the predictions using conservatively adjusted, rather than official, data on factor shares.
Mercenier, J. et Yeldan, E., «How Prescribed Policy Can Mislead when Data Are Defective: a Follow-Up to Srinivasan (1994) Using General Equilibrium.», Cahier de recherche #9606, Département de sciences économiques, Université de Montréal, 1996, 27 pages.
Collections
Related items
Showing items related by title, author, creator and subject.
-
Stochastic Volatility.
(1996)This paper prepared for the Handbook of Statistics (Vol.14: Statistical Methods in Finance), surveys the subject of stochastic volatility. the following subjects are covered: volatility in financial markets (instantaneous ... -
Macroemesures in Computable General Equilibrium Models: a Probabilistic Treatment with an Application to Morocco.
(1996)With the help of an illustrative general equilibrium (CGE) model of the Moroccan Economy, we test for the significance of simulation results in the case where the exact macromesure is not known with certainty. This is done ... -
Actifs financiers et theorie de la consommation.
(1996)Dans cet article, pour etendre la theorie du consommateur a ses choix d'epargne et de placements, on utilise a la fois la theorie usuelle, celle des caracteristiques et celle du raisonnement quantitatif. on en deduit un ...