Multi-Period Disaggregated Economic Modelling: Do we need it? Can we do it?

Peter Dixon

Economic Analysis and Policy, 1990, vol. 20, issue 1, 55-71

Abstract: The main disaggregated model of the Australian economy is ORANI. This paper briefly reviews ORANI applications since the mid 1970s. It then draws attention to the treatment in ORANI of time. Because ORANI is a one-period model, it provides an inadequate treatment of variables depending on forward-looking expectations. Nor is it an effective framework for handling embodied technological change, dated capital stocks and indivisibilities. It is argued that it is now both feasible and important to build a multi-period, disaggregated model for use in Australia in the 1990s and beyond.

Date: 1990
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0313592690500041
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:ecanpo:v:20:y:1990:i:1:p:55-71

Access Statistics for this article

Economic Analysis and Policy is currently edited by Clevo Wilson

More articles in Economic Analysis and Policy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().