Income elasticity, LES and MPSGE

Problems with modeling
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AntonioGomez
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Income elasticity, LES and MPSGE

Post by AntonioGomez » 1 month ago

Hi,
I am modelling a MPSGE model with a LES for demand. I follow Markusen's model 29 approach for calibration (http://www.mpsge.org/tutorial.pdf).
Nevertheless, I am not satisfied with this way of calibration when income elasticity is greater than 1.

Any advice for Stone-Geary calibration in MPSGE when income elasticities are greater than 1?

Thanks!

ANTONIO

P.S. I can't find at GAMS website the archives of gams-l@listserv.dfn.de. Are they still available on line?
--
Antonio G. Gomez-Plana
Department of Economics
Universidad Publica de Navarra
Campus de Arrosadia
Pamplona
Spain

Phone +34 948 169348
Fax +34 948 169721

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