The debate over the relative merits of directional and proximity models as theories of candidate evaluation has turned largely on the criterion of predictiveness. This article adds to the predictive record for France and the United States in 1988 but also focuses on the criterion of...

We show how to enhance the performance of a Smolyak method for solving dynamic economic models. First, we propose a more efficient implementation of the Smolyak method for interpolation, namely, we show how to avoid costly evaluations of repeated basis functions in the conventional Smolyak...

A recently published model of the livestock-meat economy is used to illustrate modifications that permit us to obtain a reasonable and consistent set of projected values to 1980. Ecollomic theory and an understanding of the industry were used to introduce a set of assumptions about institutional...

This working paper presents the background and the details of the simulations behind Box 1.4 of the May 2013 OECD Economic Outlook. A small simulation model is used to evaluate the contribution that the three pillars of the government’s strategy – fiscal consolidation, growth-boosting...

Scenario-based analysis is conducted on the long-term projections of liquid biofuels in China for transport fuels. The key influencing factors during each period are assessed. Driven by the transport energy demand growth, increasing price of crude oil and technological progress, liquid biofuels...