3.2. Multisectoral planning models
Xia Shi and
Yingzhong Lu
Energy, 1990, vol. 15, issue 3, 325-339
Abstract:
The evolution of input-output techniques and the associated linear and non-linear programming models are first introduced. The basic structures and mechanisms of multisectoral input-output planning models are then discussed in details, including the objective function and various types of constraints. Moreover, The advantage of using the planning models relative to computable general equilibrium models is discussed. Since the solution to planning models can also represent a competitive eqilibrium under certain specifications, the planning model technology is flexible to be applied to both market and centrally planned economy. Two examples of the applications of such multisectoral planning models are given, i.e., the Stanford PILOT macroeconomic model and a multisectoral model of China, the latter being believed to be in great need in the current Chinese economic reform process.
Date: 1990
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Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:15:y:1990:i:3:p:325-339
DOI: 10.1016/0360-5442(90)90093-H
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