Inforum models: Origin, evolution and byways avoided

Clopper Almon ()
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Clopper Almon: University of Maryland

Studies on Russian Economic Development, 2016, vol. 27, issue 2, 119-126

Abstract: Abstract Inforum models have been built and used in a number of countries including the USA, Russia, Germany, Poland, Latvia, Austria, Italy, Spain, the United Kingdom2, South Africa, Mexico, Colombia, China, Japan, Taiwan, Thailand, and Vietnam and perhaps others. They make extensive use of econometrics and input-output analysis to describe the functioning of an economy not only at a macroeconomic level but also at the level of individual products and industries. I want to record–somewhat autobiographically—the beginnings of these models, outline their evolution, defend them and other econometric models against the sweeping Lucas critique, and mention some of the fads in economics and modeling which have been avoided for good reason.

Keywords: Business Cycle; Econometric Model; RUSSIAN Economic Development; Computable General Equilibrium; Final Demand (search for similar items in EconPapers)
Date: 2016
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DOI: 10.1134/S1075700716020039

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