Annex I. Changes to the World Model

Anonymous

National Institute Economic Review, 1989, vol. 130, 43-45

Abstract: The Institute's Global Econometric Model (GEM) contains over 300 estimated relationships and the processes of data revision and of structural change in the world economy necessitate continual revision to the model. (Many new equations are reported in the World Economy chapter of the Institute Review, but many others are also introduced without comment.) The model used for the current forecast contains 41 new equations, and these have changed the properties of the model in significant ways.

Date: 1989
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