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Implications of Broader Gaussian Quadrature Sampling Strategy in the Contest of the Special Safeguard Mechanism

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  • Preckel, Paul V.
  • Verma, Monika
  • Hertel, Thomas W.
  • Martin, Will

Abstract

This paper explores the sensitivity of model statistics to breadth of sampling used under the Sensitivity Analysis – a method very often used for General Equilibrium models and an inbuilt tool in General Equilibrium Modeling Package (GEMPACK). We force the Stroud and Liu Gaussian Quadratures available in Systematic Sensitivity Analysis (SSA) in GEMPACK to sample from beyond their usual √2ߪ and 1ߪ limits. The breadth of sampling domain could be an important aspect for models that are highly non-linear and where results depend on thresholds and regime switches. In the Special Safeguards (SSM) example used here, we find that the broader sampling technique gives us very different results for second tier tariffs on wheat imports.

Suggested Citation

  • Preckel, Paul V. & Verma, Monika & Hertel, Thomas W. & Martin, Will, 2011. "Implications of Broader Gaussian Quadrature Sampling Strategy in the Contest of the Special Safeguard Mechanism," Conference papers 332127, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    • Handle: RePEc:ags:pugtwp:332127
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    1. James E. Anderson & Douglas Marcouiller, 2002. "Insecurity And The Pattern Of Trade: An Empirical Investigation," The Review of Economics and Statistics, MIT Press, vol. 84(2), pages 342-352, May.
    2. Stephen S. Golub, 2003. "Measures of Restrictions on Inward Foreign Direct Investment for OECD Countries," OECD Economic Studies, OECD Publishing, vol. 2003(1), pages 85-116.
    3. Steven Globerman & Paul Storer, 2009. "Border Security and Canadian Exports to the United States: Evidence and Policy Implications," Canadian Public Policy, University of Toronto Press, vol. 35(2), pages 171-186, June.
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    Cited by:

    1. Davit Stepanyan & Georg Zimmermann & Harald Grethe, 2023. "Stochastic simulation with informed rotations of Gaussian quadratures," Economic Systems Research, Taylor & Francis Journals, vol. 35(1), pages 30-48, January.

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