Software Package for Economic Modelling

Norman M (1977). Software Package for Economic Modelling. IIASA Research Report. IIASA, Laxenburg, Austria: RR-77-021

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Abstract

The evaluation of alternative long-term scenarios in the energy, food and other major sectors of the economy requires the use of an econometrically estimable macro model. A complete software package for the construction of such macroeconomic models is described. It comprises: (1) BANK, which manages a random data bank; (2) AUTO, which estimates regression parameters; and (3) SIM, which simulates nonlinear econometric models. These programs are then used to develop a small potential GNP model for the USA, with annual observations from 1947 to 1975. The example helps to illustrate the usefulness of these techniques in economic forecasting as well as in observing the past operation of an economy.

Item Type: Monograph (IIASA Research Report)
Research Programs: System and Decision Sciences - Core (SDS)
Depositing User: IIASA Import
Date Deposited: 15 Jan 2016 01:44
Last Modified: 23 Jul 2016 04:25
URI: http://pure.iiasa.ac.at/694

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