UNSPECIFIED (1998) Comparing global economic models. ECONOMIC MODELLING, 15 (1). pp. 1-48. ISSN 0264-9993

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Abstract

This article presents a first account of comparative research on multi-country models conducted by an independent third party with full hands-on access to the models. The models are MSG2, MULTIMOD and NIGEM. Their structural characteristics are first compared and contrasted; their theoretical foundations are seen to have some broad similarities. Overall model properties are then elucidated by three simulation experiments conducted in a standardized policy framework. The source and nature of observed cross-model and cross-country differences in the results are described, a fundamental source being the model-builders' different approaches to quantification. (C) 1998 Elsevier Science B.V.

Item Type:	Journal Article
Subjects:	H Social Sciences > HC Economic History and Conditions
Journal or Publication Title:	ECONOMIC MODELLING
Publisher:	ELSEVIER SCIENCE BV
ISSN:	0264-9993
Date:	January 1998
Volume:	15
Number:	1
Number of Pages:	48
Page Range:	pp. 1-48
Publication Status:	Published
URI:	http://wrap.warwick.ac.uk/id/eprint/15779

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