Advertisement

Style in Multisectoral Modelling

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

Abstract

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.*

Keywords

General Equilibrium Model Shift Factor Single Letter Price Equation Export Subsidy 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  1. Adelman, I. and S. Robinson (1978), Income Distribution Policies in Developing Countries, Stanford University Press, Stanford, California.Google Scholar
  2. Almon, C., Jr., M.B. Buckler, L.M. Horwitz, and T.C. Reimbold (1974), 1985: Interindustry Forecasts of the American Economy, Lexington Books, Lexington, Massachusetts.Google Scholar
  3. Dervis, K., J. De Melo, and S. Robinson (1982), General Equilibrium Models for Development Policy, Cambridge University Press, Cambridge, England.Google Scholar
  4. Dixon, P.B. (1979), ‘A skeletal version of Orani 78: Theory, data, computations, and results’, Preliminary Working Paper No. OP-24, Impact Research Center, Industrial Assistance Commission, 608 St. Kilda Road, Melbourne, Victoria, 3004, Australia.Google Scholar
  5. Dixon, P.B., B.R. Parmenter, J. Sutton, and D.P. Vincent (1982), ORANI: A Multisectoral Model of the Australian Economy, North Holland Publishing Company, Amsterdam.Google Scholar
  6. Dixon, P.B. and A.A. Powell (1979), Structural Adaptation in an Ailing Economy, Melbourne University Press, Carlton, Victoria, 3053, Australia.Google Scholar
  7. Fullerton, D., J.B. Shoven and J. Whalley (1980), ‘Dynamic general equilibrium impact of replacing the U.S. income tax with a progressive consumption tax’, National Bureau of Economic Research Conference Paper No. 55, October.Google Scholar
  8. Henaff, P. (1980), ‘An input-output model of the French economy’, Masters Thesis, University of Maryland, College Park, Maryland.Google Scholar
  9. Johansen, L. (1974), A Multi-Sectoral Study of Economic Growth, Second Edition, North Holland Publishing Company, Amsterdam, The Netherlands.Google Scholar
  10. Jorgenson, D.W. (1982), ‘An econometric approach to general equilibrium analysis’, in: M. Hazewinkeland A.H.G. Rinnooy Kan (eds.), Current Developments at the Interface Economics, Econometrics, Mathematics, pp. 217–233, D. Reidel Publishing Company, The Netherlands.Google Scholar
  11. Kelley, A.G. and J.G. Williamson (1981), ‘The sources of third world urbanisation and city growth’, Working Paper, Development Research Department, The World Bank, Washington, D.C.Google Scholar
  12. Kendrick, D.A. (1982), ‘A mathematical-computer language for linear programming problems’, Paper No. 82-8, Center for Economic Research, The University of Texas, Austin, Texas 78712.Google Scholar
  13. Kendrick, D.A. and A.J. Stoutjesdijk (1978), The Planning of Industrial Investment Programs: A Methodology, John Hopkins University Press, Baltimore, Maryland.Google Scholar
  14. Longva, S., L. Lorentsen and O. Olsen (1980), ‘Energy in the multi-sectoral growth model MSG’, Central Bureau of Statistics, Oslo, Norway.Google Scholar
  15. Meeraus, A. (1983), ‘An algebraic approach to modelling.’, The Journal of Economic Dynamics and Control, 5, pp. 81–108.Google Scholar
  16. Strunk, W., Jr. and E.B. White (1959), The Elements of Style, The Macmillian Company, New York.Google Scholar
  17. Taylor, L., E.L. Bacha, E.A. Cardoso, and F.J. Lysy (1980), Models of Growth and Distribution for Brazil, Oxford University Press, Oxford, England.Google Scholar

Copyright information

© Martinus Nijhoff Publishers. Dordrecht/Boston/Lancaster 1984

Authors and Affiliations

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

Personalised recommendations