Modularization of large econometric models: An application of structural modeling

1 November 1974

conference paper
Published by Institute of Electrical and Electronics Engineers (IEEE)

p. 683-692
https://doi.org/10.1109/cdc.1974.270523

Abstract

Current world-wide economic difficulties suggest that there is a need for methods that lend greater insight into what econometric models tell us. It is also desirable to find simple methods for solving such models. Methods drawn from interpretive structural modeling are shown to provide a very simple solution technique for a 52-equation econometric model, and a flexible, modular interpretation of the model.

Keywords

ECONOMETRICS
CONTEXT MODELING
MATHEMATICAL MODEL
PREDICTIVE MODELS
ECONOMIC FORECASTING
PARAMETER ESTIMATION

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