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Multipliers are often used for selecting alternative policies in economic planning and forecasting. Particular variables like employment, trade balance, inflation or government budget usually impose constraints on the policy action. Therefore a criterion to be preferred to the raw multiplier...
Persistent link: https://www.econbiz.de/10008871303
The evaluation of policy actions by means of a large scale econometric model often begins with the analysis of multipliers. A large value of a multiplier, with the right sign, suggests that the policy instrument should be very effective in moving up or down the given target variable. However,...
Persistent link: https://www.econbiz.de/10008871308
The evaluation of policy actions by means of macroeconomic models often begins with the analysis of multipliers. A rough analysis recommends to use those instruments that exhibit large multipliers. Government budget usually imposes some constraints on the policy action. Insted of the raw...
Persistent link: https://www.econbiz.de/10008636533
This paper deals with methods to estimate standard errors of dynamic multipliers. These methods can be applied to nonlinear macroeconometric models, thus extending methods available in the literature for linear models.
Persistent link: https://www.econbiz.de/10008560084
The paper aims to approach, in an empirical way, the issue of local economic development, using the input-output model. Complementary to other ways of approaching the local economic development, the input-output model offers an integrated overview of the influence and impact held by moreover...
Persistent link: https://www.econbiz.de/10008536829