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International Price Transmission In Cge Models: How To Reconcile Econometric Evidence And Endogenous Model Response?

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  • Siddig, Khalid H.A.
  • Grethe, Harald

Abstract

The field of price transmission is dominated by econometric time-series analysis (PTA) and rather disconnected from analyses based on CGE models. This paper addresses how a certain degree of empirically determined price transmission can be met in a single country CGE model. We examine and validate seven determinants including structural characteristics of the model, the parameterization of behavioral functions and properties of the sectors concerned.

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  • Siddig, Khalid H.A. & Grethe, Harald, 2012. "International Price Transmission In Cge Models: How To Reconcile Econometric Evidence And Endogenous Model Response?," 52nd Annual Conference, Stuttgart, Germany, September 26-28, 2012 137388, German Association of Agricultural Economists (GEWISOLA).
    • Handle: RePEc:ags:gewi12:137388
    DOI: 10.22004/ag.econ.137388
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    2. Grethe, H. & Siddig, K. & Götz, L. & Ihle, R., 2013. "How Do World Agricultural Commodity Price Spikes Affect the Income Distribution in Israel?," Proceedings “Schriften der Gesellschaft für Wirtschafts- und Sozialwissenschaften des Landbaues e.V.”, German Association of Agricultural Economists (GEWISOLA), vol. 48, March.
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    Cited by:

    1. Yang, Fan & Urban, Kirsten & Brockmeier, Martina & Bekkers, Eddy & Francois, Joseph, 2016. "Impact of Increasing Agricultural Domestic Support on Food Price Transmission," Conference papers 332806, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    2. Khalid Siddig & Harald Grethe, 2013. "No more Gas from Egypt? The Israeli Gas Sector between Offshore Discoveries and Import Uncertainty," EcoMod2013 5446, EcoMod.
    3. Xin Zhao & Dominique Y van der Mensbrugghe & Roman M. Keeney & Wallace E. Tyner, 2021. "Improving the Way Land Use Change is Handled in Economic Models," World Scientific Book Chapters, in: Peter Dixon & Joseph Francois & Dominique van der Mensbrugghe (ed.), POLICY ANALYSIS AND MODELING OF THE GLOBAL ECONOMY A Festschrift Celebrating Thomas Hertel, chapter 15, pages 467-515, World Scientific Publishing Co. Pte. Ltd..
    4. Alessandro Antimiani & Valeria Costantini & Elena Paglialunga, 2015. "An analysis of the sensitivity of a dynamic climate-economy CGE model (GDynE) to empirically estimated energy-related elasticity parameters," SEEDS Working Papers 0515, SEEDS, Sustainability Environmental Economics and Dynamics Studies, revised Mar 2015.
    5. Grethe, H. & Siddig, K. & Götz, L. & Ihle, R., 2013. "How Do World Agricultural Commodity Price Spikes Affect the Income Distribution in Israel?," Proceedings “Schriften der Gesellschaft für Wirtschafts- und Sozialwissenschaften des Landbaues e.V.”, German Association of Agricultural Economists (GEWISOLA), vol. 48, March.
    6. Siddig, Khalid & Stepanyan, Davit & Wiebelt, Manfred & Grethe, Harald & Zhu, Tingju, 2020. "Climate change and agriculture in the Sudan: Impact pathways beyond changes in mean rainfall and temperature," Ecological Economics, Elsevier, vol. 169(C).
    7. Siddig, Khalid & Grethe, Harald, 2014. "No more gas from Egypt? Modeling offshore discoveries and import uncertainty of natural gas in Israel," Applied Energy, Elsevier, vol. 136(C), pages 312-324.
    8. Antimiani, Alessandro & Costantini, Valeria & Paglialunga, Elena, 2015. "The sensitivity of climate-economy CGE models to energy-related elasticity parameters: Implications for climate policy design," Economic Modelling, Elsevier, vol. 51(C), pages 38-52.
    9. Sonam Choudhry & Abhinav Narayanan & Anshul, 2024. "Dynamics of Price Transmission: Evidence from India’s Import Basket," Foreign Trade Review, , vol. 59(2), pages 252-278, May.
    10. Olekseyuk, Zoryana & Schürenberg-Frosch, Hannah, 2016. "Are Armington elasticities different across countries and sectors? A European study," Economic Modelling, Elsevier, vol. 55(C), pages 328-342.
    11. Fan Yang & Eddy Bekkers & Martina Brockmeier & Joseph Francois, 2015. "Food Price Pass‐Through and the Role of Domestic Margin Services," Journal of Agricultural Economics, Wiley Blackwell, vol. 66(3), pages 796-811, September.

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    More about this item

    Keywords

    International Relations/Trade; Research Methods/ Statistical Methods;

    JEL classification:

    • C13 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Estimation: General
    • C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models
    • D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models
    • F17 - International Economics - - Trade - - - Trade Forecasting and Simulation
    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • J60 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - General

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