Inforum Models: Origin, Evolution, and By-ways Avoided
Studies on Russian Economic Development 27(2) 119-126
MetadataShow full item record
Inforum models combine input-output tables with econometric analysis in dynamic models in which the investment in each industry depends upon the growth of output in that industry. They have been built and used in a number of countries including the USA, Russia, Germany, Poland, Latvia, Austria, Italy, Spain, the United Kingdom, South Africa, Mexico, Colombia, China, Japan, Taiwan, Thailand, and Vietnam and perhaps others. They make extensive use of econometrics and input-output analysis to describe the functioning of an economy not only at a macroeconomic level but also at the level of individual products and industries. This paper records – somewhat autobiographically on the part of the author -- the beginnings of these models, outlines their evolution, defends them and other econometric models against the sweeping Lucas critique, and mentions some of the fads in economics and modeling which have been avoided for good reason.
Showing items related by title, author, creator and subject.
Factor Mixture Models with Ordered Categorical Outcomes: The Mathematical Relation to Mixture Item Response Theory Models and a Comparison Of Maximum Likelihood and Bayesian Model Parameter Estimation Methods Hou, Xiaodong (2011)A factor mixture model (FMM) is a hybrid of latent class analysis and factor analysis modeling techniques. It can be used to investigate group differences in the absence of known class membership. The current study ...
USING LATENT PROFILE MODELS AND UNSTRUCTURED GROWTH MIXTURE MODELS TO ASSESS THE NUMBER OF LATENT CLASSES IN GROWTH MIXTURE MODELING Liu, Min (2011)Growth mixture modeling has gained much attention in applied and methodological social science research recently, but the selection of the number of latent classes for such models remains a challenging issue. This problem ...
Modeling and Model Reduction for Control and Optimization of Epitaxial Growth in a Commercial Rapid Thermal Chemical Vapor Deposition Reactor Newman, Andrew J.; Krishnaprasad, Perinkulam S.; Ponczak, Sam; Brabant, Paul (1998)In December 1996, a project was initiated at the Institute for Systems Research (ISR), under an agreement between Northrop GrummanElectronic Sensors and Systems Division (ESSD) and the ISR, to investigatethe epitaxial ...