Abstract
Large scale multisectoral dynamic models of national economies, such as the Cambridge Multisectoral Dynamic Model (MDM) for the UK (Barker et al., 1980), the INSEE DMS for France (Fouquet et al., 1976) or the GALILEO model for Mexico (Brailovsky, 1984) usually adopt an aggregation much less detailed than that of the input-output tables available. This is done mainly so that the model can include the stochastic determination of real flows and can be extended to cover institutional and financial aspects of economic behaviour and still remain feasible in terms of data and resources required for estimation and solution.
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Terry, S.A., Barker, T.S. (1985). Endogenising Input—Output Coefficients by Means of Industrial Submodels. In: Smyshlyaev, A. (eds) Input-Output Modeling. Lecture Notes in Economics and Mathematical Systems, vol 251. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-662-22035-1_18
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DOI: https://doi.org/10.1007/978-3-662-22035-1_18
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