Автор |
Siebe, Thomas |
Дата выпуска |
1994 |
dc.description |
This paper introduces an econometric input—output model for Western Germany in a disaggregation of 12 commodities and sectors. The ‘Jorgenson’-type equilibrium model is based on flexible functional forms on the supply and on the demand side of the commodity markets. For intermediate demand, the relationship between the translog function and its special cases—the Cobb-Douglas function— is exploited. Prices and production are endogenized by market-clearing conditions. The fully integrated model also endogenizes capital accumulation, a rudimental govern-ment budget and income distribution, as well as wages and labour demand on rationed labour markets. The results of a dynamic ex post simulation show that the model is able to depict the sectoral economic development in Germany in the sample period from 1970 to 1986. |
Формат |
application.pdf |
Издатель |
Carfax Publishing Company |
Копирайт |
Copyright Taylor and Francis Group, LLC |
Тема |
Macro-econometric input–output model |
Тема |
factor demand systems |
Тема |
well-behaved properties |
Тема |
market clearing |
Название |
A Disaggregated Econometric Model Based on Flexible Functional Forms |
Тип |
research-article |
DOI |
10.1080/09535319400000007 |
Electronic ISSN |
1469-5758 |
Print ISSN |
0953-5314 |
Журнал |
Economic Systems Research |
Том |
6 |
Первая страница |
91 |
Последняя страница |
104 |
Аффилиация |
Siebe, Thomas; Rheinisch-Westfälisches Institut für Wirtschaftsforschung (RWI) |
Выпуск |
1 |
Библиографическая ссылка |
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Библиографическая ссылка |
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