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On apparent problems with the use of the Armington aggregator in computable general equilibrium models

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  • Dirk Willenbockel

Abstract

This letter points out that the problems Senhadji (Applied Economics Letters, 4, 23-5, 1997) attributes to the use of the Armington aggregator in CGE models do not arise, provided that applied modellers employ the calibration procedure for CES function parameters frequently described in the literature.

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  • Dirk Willenbockel, 1999. "On apparent problems with the use of the Armington aggregator in computable general equilibrium models," Applied Economics Letters, Taylor & Francis Journals, vol. 6(9), pages 589-591.
    • Handle: RePEc:taf:apeclt:v:6:y:1999:i:9:p:589-591
    DOI: 10.1080/135048599352664
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    References listed on IDEAS

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    1. Gali Jordi, 1994. "Monopolistic Competition, Business Cycles, and the Composition of Aggregate Demand," Journal of Economic Theory, Elsevier, vol. 63(1), pages 73-96, June.
    2. Zhuang, Juzhong, 1996. "Estimating Distortions in the Chinese Economy: A General Equilibrium Approach," Economica, London School of Economics and Political Science, vol. 63(252), pages 543-568, November.
    3. Abdelhak Senhadji, 1997. "Two common problems related to the use of the Armington aggregator in computable general equilibrium models," Applied Economics Letters, Taylor & Francis Journals, vol. 4(1), pages 23-25.
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    Cited by:

    1. Jiao Wang & David G. Mayes & Guanghua Wan, 2005. "Income Distribution and Labour Movement in China After WTO Membership: a CGE Analysis," WIDER Working Paper Series RP2005-38, World Institute for Development Economic Research (UNU-WIDER).
    2. Miller, Andrew D. & Langley, Suchada V. & Chambers, William, 2003. "Current Issues Affecting Trade And Trade Policy: An Annotated Literature Review," Working Papers 14606, International Agricultural Trade Research Consortium.
    3. repec:zbw:bofitp:2005_018 is not listed on IDEAS
    4. Osman, Rehab Osman Mohamed, 2012. "The EU Economic Partnership Agreements with Southern Africa: a computable general equilibrium analysis," Economics PhD Theses 0412, Department of Economics, University of Sussex Business School.
    5. Jose Tongzon, 2001. "China's membership in the World Trade Organization (WTO) and the exports of the developing economies of East Asia: a computable general equilibrium approach," Applied Economics, Taylor & Francis Journals, vol. 33(15), pages 1943-1959.
    6. Willenbockel, Dirk, 1999. "Dynamic applied general equilibrium trade policy analysis in the presence of foreign asset cross-ownership," Economic Modelling, Elsevier, vol. 16(3), pages 371-388, August.
    7. Wang, Jiao & Mayes, David & Wan, Guanghua, 2005. "Effects of WTO membership on income distribution and labour movement in China : A CGE analysis," BOFIT Discussion Papers 18/2005, Bank of Finland, Institute for Economies in Transition.
    8. Jose L. Tongzon, 2002. "The Economies of Southeast Asia, Second Edition," Books, Edward Elgar Publishing, number 2029.
    9. Barbara M Roberts & Jeffery I Round, "undated". "Import Demand Specification in Computable General Equilibrium Models of Economies in Transition," Discussion Papers in European Economics 99/4, Division of Economics, School of Business, University of Leicester.

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