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- W2639848832 abstract "In this paper we describe how we have used the IDIOM software system, outlined in a paper presented to the Modelling Languages session of the Third SEDC conference, to construct a large disaggregated model of the UK economy. This model, MDM5, is based on an accounting structure which is expressed in terms of balance equations for 40 distinct commodities. Individual components of demand and supply, and the behaviour of households, firms and institutions are explained by a combination of input-output techniques and econometric relationships estimated using time-series data. The aim of the paper is to illustrate how the use of a purpose-built economic software system can simplify the construction of a large econometric model with more than 8000 endogenous variables of which over 1000 are explained by stochastic equations. The paper discusses the features of the software system which allow it to implement a model of this size in a computationally efficient way." @default.
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- W2639848832 date "1983-06-01" @default.
- W2639848832 modified "2023-09-25" @default.
- W2639848832 title "Disaggregated Model-Building Using the IDIOM Software System" @default.
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- W2639848832 doi "https://doi.org/10.1016/s1474-6670(17)62460-1" @default.
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