A medium term model for Scotland

James W. McGilvray, David N.F. Bell (Editor)

    Research output: Contribution to journalArticle

    Abstract

    The model which is outlined in rather general terms in this paper forms the central core of the Fraser Institute's research programme for the next three years. The model itself is an extension and development of research carried out in the Institute over the past four years, and a synthesis of much of the current work being undertaken. Although many of the equations of the model will be estimated econometrically, or will be based on observed data such as input/output tables or occupation-industry matrices, both gaps in data and gaps in our understanding of the determinants of medium and long-term changes in the economy imply a simulation rather than a forecasting model. Nonetheless it is to be hoped that the time paths of the Scottish economy simulated by the model will offer a plausible guide to the actual development of the economy during the next decade and beyond.
    LanguageEnglish
    Pages31-40
    Number of pages10
    JournalQuarterly Economic Commentary
    Volume5
    Issue number2
    Publication statusPublished - Oct 1979

    Fingerprint

    Scotland
    Input-output table
    Simulation
    Industry
    Research program

    Keywords

    • econometric model
    • Scotland
    • Scottish economy
    • employment modelling
    • input/output model
    • macro-economic model

    Cite this

    McGilvray, J. W., & Bell, D. N. F. (Ed.) (1979). A medium term model for Scotland. Quarterly Economic Commentary, 5(2), 31-40.
    McGilvray, James W. ; Bell, David N.F. (Editor). / A medium term model for Scotland. In: Quarterly Economic Commentary. 1979 ; Vol. 5, No. 2. pp. 31-40.
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    McGilvray, JW & Bell, DNF (ed.) 1979, 'A medium term model for Scotland' Quarterly Economic Commentary, vol. 5, no. 2, pp. 31-40.

    A medium term model for Scotland. / McGilvray, James W.; Bell, David N.F. (Editor).

    In: Quarterly Economic Commentary, Vol. 5, No. 2, 10.1979, p. 31-40.

    Research output: Contribution to journalArticle

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    McGilvray JW, Bell DNF, (ed.). A medium term model for Scotland. Quarterly Economic Commentary. 1979 Oct;5(2):31-40.