Bayesian estimation and steady state

Dear all,

I have a simple 3-sector model I want to estimate. In particular, I want to estimate the elasticities of substitution in the production function. To begin with, I just want to estimate the CES elasticity of sector A but Dynare output is :

Error using print_info (line 76)
The steadystate file did not compute the steady state

Here is my mod file, I can’t understand why the steady state can’t be computed since there is no particular restriction on alpha.

Thank you very much for any help

Best regards,


Estim_simple.mod (7.0 KB)

You did not provide the csv-files you are loading.

For sure, sorry, here they are.
Param.csv (76 Bytes)
Gamma.csv (47 Bytes)
Y_A_OBS.csv (18.5 KB)
Y_A_OBS.mat (14.9 KB)