This paper estimates a two-country model comprising structural cointegrated models of Canada and the US. Using persistence profile analysis, we find that the Term Structure and a modified Fisher equation are maintained in the US model, and, the Term Structure, Fisher equation and Interest Rate...

A frontier-general equilibrium analysis with skill transformation evaluates the productivities of skilled and unskilled labor and potential of the Indian economy. We compare the wages of skilled and unskilled labor between 1994 and 2002 with their respective productivities over this period....

This paper examines the impact of imposing different separability assumptions in the specifications of the standard hierarchical KLEM production function in a computable general equilibrium (CGE) model. The appropriate means of introducing energy to production functions has been a source of...

This paper proposes a new approach to measure the impact of a sector's price shock on price indices. It works based on table adjustments to trace the effects of any initial price shock through an iteration process. It has the same accuracy and all the capabilities of the popular Standard...

Macroeconometric models are often criticised for being too complex and difficult to read in theoretical terms. To overcome these difficulties, Hickman suggested the calculation of a model's implicit aggregate demand/supply (AD/AS) structure. The method helps to understand models and their main...

Although many studies on the directional accuracy of forecasts by international organizations and professional forecasters have been scrutinized, little attention has been paid to forecasts by business leaders. In order to address this gap, we use directional tests to investigate whether...

Implicit subsidies are implemented for different reasons in many countries. These subsidies generally emerge through selling public resources such as gas, oil, and water at a lower price to one or more sectors. They are not considered in government payments and national accounts. Hence, it is...

The systematic study of the way in which intersectoral transactions are organized is an interesting source of information about the pattern of existing economic relationships in one country that allows comparison of its structural features with those of another economy of reference. A new tool...

To analyze policy impacts of a targeted employment program calls for a new approach of estimation. This study proposes a simple modification to a Social Accounting Matrix (SAM) in order to analyze the multiplier effects of a new sector. A different input composition, or technology, of the sector...

In this paper, we revise some ideas on Graph Theory and develop them to explain and determine three usual concepts of Input–Output Analysis: fundamental products, autonomous sets, and indecomposable matrices.