AN INTRODUCTION TO ITERATIVE METHODS FOR SOLVING SIMULTANEOUS EQUATION MODELS: ILLUSTRATIONS FROM ECONOMICS

Richard Todd and Terry Roe

No 13915, Staff Papers from University of Minnesota, Department of Applied Economics

Abstract: This paper focuses on the application of computer-based, iterative methods for deriving analytical solutions to economic models expressed as systems of simultaneous linear and/or nonlinear equations. Practical suggestions for using four specific methods are emphasized. Analogies form economics are used to explain practical and theoretical points.

Keywords: Research; Methods/; Statistical; Methods (search for similar items in EconPapers)
Pages: 94
Date: 1978
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://ageconsearch.umn.edu/record/13915/files/p78-11.pdf (application/pdf)

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:ags:umaesp:13915

DOI: 10.22004/ag.econ.13915

Access Statistics for this paper

More papers in Staff Papers from University of Minnesota, Department of Applied Economics Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().