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The Pagan-Shannon Approximation: Unconditional Systematic Sensitivity in Minutes

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Applied General Equilibrium

Part of the book series: Studies in Empirical Economics ((STUDEMP))

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Abstract

This paper applies a simple approximation procedure to the calculation of systematic sensitivity results for a well-known computable general equilibrium model. The approximation (based on Pagan and Shannon (1985)) is found to be very accurate and requires little computing time.

The author would like to thank, without implicating, John Whalley, Glenn Harrison, Jean Waelbroeck, Peter Dixon, and Rich Jones for helpful comments. The University of Saskatchewan, Dean of Arts, provided financial assistance.

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References

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Author information

Authors and Affiliations

  1. Department of Economics, Wilfrid Laurier University Waterloo, N2L 3C5, Ontario, Canada

    Randall M. Wigle

Authors
  1. Randall M. Wigle
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Editor information

Editors and Affiliations

  1. School of Economics, University of New South Wales, Sydney, Australia

    John Piggott

  2. Research School of Social Sciences, Australian National University, GPO Box 4, 2601, Canberra, Australia

    John Piggott

  3. Department of Economics, University of Western Ontario, N 6A 5 C2, London, Canada

    John Whalley

  4. National Bureau of Economic Research, Cambridge, Mass., USA

    John Whalley

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© 1991 Physica-Verlag Heidelberg

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Wigle, R.M. (1991). The Pagan-Shannon Approximation: Unconditional Systematic Sensitivity in Minutes. In: Piggott, J., Whalley, J. (eds) Applied General Equilibrium. Studies in Empirical Economics. Physica-Verlag HD. https://doi.org/10.1007/978-3-642-50167-8_3

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  • DOI: https://doi.org/10.1007/978-3-642-50167-8_3

  • Publisher Name: Physica-Verlag HD

  • Print ISBN: 978-3-642-50169-2

  • Online ISBN: 978-3-642-50167-8

  • eBook Packages: Springer Book Archive

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