This paper uses a three-step Bayesian cross-entropy estimation approach in an environment of noisy and scarce data to estimate behavioral parameters for a computable general equilibrium model. The estimation also measures how labor-augmenting productivity and other structural parameters in the model m...

The report first reviews macroeconomic aspects in Ghana, identifying that much of the non-traditional exports' expansion, reflects sporadic foreign investments in key agro-processing activities - which enjoy preferential treatment in European markets - but, its value-added seems at best marginal, ques...