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Income elasticity, LES and MPSGE

Posted: Mon Oct 05, 2020 11:29 pm
by AntonioGomez
I am modelling a MPSGE model with a LES for demand. I follow Markusen's model 29 approach for calibration (
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?



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

Phone +34 948 169348
Fax +34 948 169721