How to make the variable PM(m,time): Price of imported product "m" exogenous
Posted: Mon May 16, 2022 6:33 pm
Hello dear experts,
I am conducting a study on the impact of the increase in the domestic price of oil in the economy of Burkina Faso. However, in the CGE model, the domestic price is endogenous while the international price is exogenous since Burkina Faso is a small country.
How to make the domestic price of the imported good (oil) exogenous before to perform the shock simulation.
Thank you for your valuable contributions and help.
I am conducting a study on the impact of the increase in the domestic price of oil in the economy of Burkina Faso. However, in the CGE model, the domestic price is endogenous while the international price is exogenous since Burkina Faso is a small country.
How to make the domestic price of the imported good (oil) exogenous before to perform the shock simulation.
Thank you for your valuable contributions and help.