Accession Number:

ADA059282

Title:

Initial Testing of a Disequilibrium Adjustment Mechanism for CPE Macroeconometric Models.

Descriptive Note:

Final rept.,

Corporate Author:

SRI INTERNATIONAL ARLINGTON VA STRATEGIC STUDIES CENTER

Personal Author(s):

Report Date:

1978-06-01

Pagination or Media Count:

58.0

Abstract:

This report describes a disequilibrium adjustment mechanism for use in macroeconometric models of centrally planned economies. The mechanism is one that ensures that certain balances between supply and demand in specific sectors, or for specific factors, are adhered to in the models solution. Given in initial set of endogenously determined variable values, the search for balance is designed to minimize the deviation from these initial values, while at the same time satisfying the balancing constraints. Results of an initial test of the mechanism are also presented. Author

Subject Categories:

  • Economics and Cost Analysis
  • Statistics and Probability

Distribution Statement:

APPROVED FOR PUBLIC RELEASE