Model of Interindustry Interactions as a System of Simultaneous Equations

Smyshlyaev, A. (1982). Model of Interindustry Interactions as a System of Simultaneous Equations. IIASA Working Paper. IIASA, Laxenburg, Austria: WP-82-028


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This paper considers the techniques used to estimate the parameters of the large-scale model of interindustry interactions. Use of the ordinary least squares technique sometimes leads to overestimation of model validity. These questions are of great importance in forecasting if the set of parameters is obtained by econometric techniques. Three examples illustrate the problem and show that the model should be represented as a system of simultaneous equations and therefore appropriate techniques have to be used for parameter estimation.

Item Type: Monograph (IIASA Working Paper)
Research Programs: System and Decision Sciences - Core (SDS)
Depositing User: IIASA Import
Date Deposited: 15 Jan 2016 01:51
Last Modified: 27 Aug 2021 17:10

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