Economic activity - AIM-Hub: Difference between revisions
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'''Macro-economy'''<br /> The future macro-economic assumption also causes changes in the supply and demand of goods. The macroeconomic assumption is also an exogenous assumption. Usually, the change in GDP is used for the macroeconomic assumption for future scenario simulation. However, the actual outcome from the model is not exactly the same as the assumptions. Therefore, the GDP assumption is used to calculate the total factor productivity (TFP), and this is a totally exogenous parameter of the model. | |||
Revision as of 11:42, 5 October 2016
| Corresponding documentation | |
|---|---|
| Previous versions | |
| Model information | |
| Model link | |
| Institution | National Institute for Environmental Studies (NIES), Japan, https://www.nies.go.jp/index-e.html., Kyoto-University (Kyoto-University), Japan, https://www.kyoto-u.ac.jp/en. |
| Solution concept | General equilibrium (closed economy) |
| Solution method | Simulation |
| Anticipation | |
Macro-economy
The future macro-economic assumption also causes changes in the supply and demand of goods. The macroeconomic assumption is also an exogenous assumption. Usually, the change in GDP is used for the macroeconomic assumption for future scenario simulation. However, the actual outcome from the model is not exactly the same as the assumptions. Therefore, the GDP assumption is used to calculate the total factor productivity (TFP), and this is a totally exogenous parameter of the model.