The Eitf World Econometric Model: a Multisectoral Approach to Output and Foreign Trade
نویسنده
چکیده
A multisectoral global model was constructed on a 35 I-O sectoral basis in 1995 and has extensively been used for various policy analyses. The model, EITF, covers 29 countries and 7 regions with special reference to G7 and Asian countries. World trade can also be analyzed in the same sectoral categories, enabling the analysis of significant changes in foreign trade consistent with those for sectoral demand, output, factors such as labor and capital, and sectoral prices for each country. Major macroeconomic variables, exchange rates, price deflators, financial variables, and so on, are also endogenized in each country model.
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