A Dynamic Multisector Model with Endogenous Formation of Capacities and Equilibrium Prices: An Application to the Swedish Economy

Persson, H. & Johansson, B. (1982). A Dynamic Multisector Model with Endogenous Formation of Capacities and Equilibrium Prices: An Application to the Swedish Economy. IIASA Professional Paper. IIASA, Laxenburg, Austria: PP-82-009

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Abstract

In a recent project organized by the Regional Development Group, a comprehensive assessment was made of multisectoral models with a multiregional specification. The current paper presents a multisectoral model recently developed as a tool for studying the structural change of the Swedish economy. The model is formulated for the national level and contains some new contributions by integrating capacity formation, investment behavior and price formation in an equilibrium framework.

In its present version, the model may be of interest for other IIASA projects. Moreover, its structure is such that it should be possible to develop a multiregional extension of the model. From this point of view, the paper provides a basis for further research within the Regional Development Group.

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