Style in Multisectoral Modelling

  • David Kendrick
Part of the Advanced Studies in Theoretical and Applied Econometrics book series (ASTA, volume 3)


The need for multisectoral models of the U.S. economy has increased in the last few years as the economy has been buffeted by large changes in relative prices and by rapid growth in some sectors and decay in others. Thus Leontieff models of the type developed by Almon, Buckler, and Reimbold (1974) are required. However, the models should not only have quantity equations but also price equations; see Henaff (1980). Moreover, since relative price changes have been large it would be useful to have models that permit substitution between factors of production as do the general equilibrium models created (i) for the developing countries by Adelman and Robinson (1978), Dervis, de Melo, and Robinson (1982), and Kelley and Williamson (1981); and (ii) for the United States by Jorgenson (1982) and his associates, and by Fullerton, Shoven and Whalley (1980). The models also should employ efficient computational methods so that they can be disaggregated to include many sectors and can also be extended to include many time periods and many regions.*


General Equilibrium Model Shift Factor Single Letter Price Equation Export Subsidy 
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Copyright information

© Martinus Nijhoff Publishers. Dordrecht/Boston/Lancaster 1984

Authors and Affiliations

  • David Kendrick
    • 1
  1. 1.University of TexasUSA

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