| Summary: | Using the social accounting matrix for Colombia as input for calibrating the RIAPA Tool (https://www.ifpri.org/project/riapa-model/) from IFPRI for Colombia using the SAM matrix as input for conducting prospective analyses at the entire national economy level serving as a simulation laboratory to experiment with policies, investments, or economic shocks.
Methodology:The RIAPA model methodology is based on IFPRI's recursive-dynamic Computable General Equilibrium (CGE) model for country-level economic simulations, with the social accounting matrix as the primary source of information. This model includes nested production functions, imperfect substitution of imports, and linear expenditure systems for consumer demand, with prices adjusting endogenously to establish market equilibrium. (2024-08)
|
|---|