Economic activity - IFs - Revision history

Barry Hughes: Economic actilvity

2024-12-28T22:10:04Z

Economic actilvity

← Older revision		Revision as of 00:10, 29 December 2024
Line 4:		Line 4:
	\|DocumentationCategory=Economic activity		\|DocumentationCategory=Economic activity
	}}		}}
	The economic model (elaborated in the Macro-economy topic) produces GDP at market exchange rates and at purchasing power parity. It also produces value added, consumption, and trade in each of six economic sectors: agriculture, primary energy, raw materials, manufactures, services, and information/communications technology. It further provides a calculation of income distribution in the form of a Gini index.		The economic model (elaborated below in the Macro-economy topic) produces GDP at market exchange rates and at purchasing power parity. It also produces value added, consumption, and trade in each of six economic sectors: agriculture, primary energy, raw materials, manufactures, services, and information/communications technology. It further provides a calculation of income distribution in the form of a Gini index, thereby facilitating also its calculation of poverty rates at multiple per-capita income (or household consumption) levels.

	Two features of the economic model are notable. First, it is embedded in a full social accounting matrix (SAM) structure, thereby assuring consistency of financial flows among firms, households, and government. Second, the production function, fundamentally important to long-term dynamics, includes endogenous representation of multifactor productivity, driving it by changes in human, social, and physical capital from other models, as well as knowledge advance. Both the SAM and the production function are therefore pivot points for the interaction of dynamics across the range of models in the integrated IFs system.		Two features of the economic model are especially notable. First, it is embedded in a full social accounting matrix (SAM) structure, thereby assuring consistency of financial flows among firms, households, and government. Second, the production function, fundamentally important to long-term dynamics, includes endogenous representation of multifactor productivity, driving it by changes in human, social, and physical capital from other models in the IFs system, as well as knowledge advance. Both the SAM and the production function are therefore pivot points for the interaction of dynamics across the range of models in the integrated IFs system and for policy analysis.

	On the forward linkage side, GDP per capita is one of the key distal or deep developmental drivers that ~~affects~~ many other variables across the models of the IFs system. Most often, GDP per capita at purchasing power parity (PPP) is the variable used. See other IFs models for details of its impact.		On the forward linkage side, GDP per capita is one of the key distal or deep developmental drivers that affect many other variables across the models of the IFs system. Most often, GDP per capita at purchasing power parity (PPP) is the variable used, but the model also computes it at market exchange rates. See documentation of other IFs models for details of its impact.

Steve Hedden at 18:15, 9 August 2018

2018-08-09T18:15:20Z

← Older revision		Revision as of 20:15, 9 August 2018
Line 4:		Line 4:
	\|DocumentationCategory=Economic activity		\|DocumentationCategory=Economic activity
	}}		}}
			The economic model (elaborated in the Macro-economy topic) produces GDP at market exchange rates and at purchasing power parity. It also produces value added, consumption, and trade in each of six economic sectors: agriculture, primary energy, raw materials, manufactures, services, and information/communications technology. It further provides a calculation of income distribution in the form of a Gini index.

			Two features of the economic model are notable. First, it is embedded in a full social accounting matrix (SAM) structure, thereby assuring consistency of financial flows among firms, households, and government. Second, the production function, fundamentally important to long-term dynamics, includes endogenous representation of multifactor productivity, driving it by changes in human, social, and physical capital from other models, as well as knowledge advance. Both the SAM and the production function are therefore pivot points for the interaction of dynamics across the range of models in the integrated IFs system.

			On the forward linkage side, GDP per capita is one of the key distal or deep developmental drivers that affects many other variables across the models of the IFs system. Most often, GDP per capita at purchasing power parity (PPP) is the variable used. See other IFs models for details of its impact.

Rineke Oostenrijk: Edited automatically from page IFs setup.

2018-02-28T09:11:40Z

Edited automatically from page IFs setup.

← Older revision		Revision as of 11:11, 28 February 2018
Line 1:		Line 1:
	{{ModelDocumentationTemplate		{{ModelDocumentationTemplate
			\|IsEmpty=No
	\|IsDocumentationOf=IFs		\|IsDocumentationOf=IFs
	\|DocumentationCategory=Economic activity		\|DocumentationCategory=Economic activity
	}}		}}

Rineke Oostenrijk: Edited automatically from page IFs setup.

2018-02-28T09:11:30Z

Edited automatically from page IFs setup.

New page

{{ModelDocumentationTemplate
|IsDocumentationOf=IFs
|DocumentationCategory=Economic activity
}}