This major book presents, for the first time, an authoritative history of developments in macroeconometric modelling since the 1930s. It focuses in particular on the construction of mathematico-statistical models of entire economies, estimated from national accounts and other macroeconomic data....

Delayed reactions to exchange rate changes in trade on current account balances are known to exist in both the United States and Canada. A model has been constructed to estimate relative price effects for trade with major partners in order to determine the quantitative magnitudes and relevant...

An attempt is made to measure the loss of productivity and growth due to excessive military expenditures of five countries in the Southern Cone of Latin America during the 1970's and 1980's. These countries are Argentina, Bolivia, Chile, Paraguay and Peru. A transcendental production function...