Initial Testing of a Disequilibrium Adjustment Mechanism for CPE Macroeconometric Models.
Abstract
This report describes a disequilibrium adjustment mechanism for use in macroeconometric models of centrally planned economies. The mechanism is one that ensures that certain balances between supply and demand in specific sectors, or for specific factors, are adhered to in the model's solution. Given in initial set of endogenously determined variable values, the search for balance is designed to minimize the deviation from these initial values, while at the same time satisfying the balancing constraints. Results of an initial test of the mechanism are also presented. (Author)
Document Details
- Document Type
- Technical Report
- Publication Date
- Jun 01, 1978
- Accession Number
- ADA059282
Entities
People
- Daniel L. Bond
Organizations
- SRI International