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A History of Macroeconometric Model-Building

Hardback

A History of Macroeconometric Model-Building

9781852783693 Edward Elgar Publishing
Ronald G. Bodkin, Professor of Economics, University of Ottawa, Canada, the late Lawrence R. Klein, former Benjamin Franklin Professor of Economics Emeritus, University of Pennsylvania, US and 1980 Nobel Laureate in Economic Sciences, Kanta Marwah, Professor of Economics, Carleton University, Canada
Publication Date: 1991 ISBN: 978 1 85278 369 3 Extent: 592 pp
This major book presents, for the first time, an authoritative history of developments in macroeconometric modelling since the 1930s. It focuses in particular on the construction of mathematico-statistical models of entire economies, estimated from national accounts and other macroeconomic data. International and comparative in scope, the book contains chapters prepared by specialists from the different countries concerned.

This landmark book is indispensable to an understanding of the history and development of large scale econometric models of modern economies.

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This major book presents, for the first time, an authoritative history of developments in macroeconometric modelling since the 1930s. It focuses in particular on the construction of mathematico-statistical models of entire economies, estimated from national accounts and other macroeconomic data. International and comparative in scope, the book contains chapters prepared by specialists from the different countries concerned.

This landmark book is indispensable to an understanding of the history and development of large scale econometric models of modern economies.
Critical Acclaim
‘This is highly recommended reading for all model-builders and model-users.’
– CABE News

‘This book contains a wealth of information, and will be very valuable to anyone who is interested in knowing how macroeoconometric models developed and how they have been used.’
– Journal of the History of Economic Thought

‘This book will long be valued by macroeconomic model-builders as an indispensable reference source on the development of their craft. It eloquently and thoroughly testifies to the dramatic progress that has taken place over the last fifty years.’
– Patrick Grady, Canadian Journal of Economics

‘This collaborative volume presents insightful discussions of econometric models and their developments. This authoritative and complete work is a must for anyone concerned with macroeconometric modeling.’
– E. Kacapyr, Choice

‘Authenticity us thus a major attribute of the book, and guarantees that it will become a permanent and authoritative reference in the history of macroeconometric modeling. . . . In a generally outstanding book, there are a few particularly strong parts that warrant special mention. The material on intellectual antecedents and on the earliest experiences with model-building in the 1930s and ’40s is exceptionally well done. . . . What really sings, however, is Anton Barten’s chapter on the Dutch experience which itself spans the entire period 1936–1986; it is an absolute gem–a microcosm of the entire book, and the indispensable “executive summary” for those who want to know but are too busy to read more than one chapter.’
–Saul H. Hymans, Journal of Economic Literature
Contents
Contents: Part I: Introduction 1. Antecedents of Macroeconometric Models 2. Econometric Model-Building at the Origins Part II: Experience in the USA 3. American Econometric Models of the 1950s: the Klein-Goldberger Model 4. Expansion and Theoretical Development During the 1960s: the Brookings Model as a Milestone 5. American Econometric Models of the 1970s Part III: Comparative Experience 6. The History of Dutch Macroeconometric Modelling, 1936–1986 (A.P. Barten) 7. Macroeconometric Model-Building in the United Kingdom (Sir J. Ball and S. Holly) 8. Macroeconomic Modelling in France (R. Courbis) 9. Canadian Macroeconometric Modelling, 1947–1979 and Selectively Beyond 10. Econometric Models of the Japanese Economy (K. Sato) 11. Macroeconometric Modelling of South-East Asia: the Case of India 12. Macroeconometric Modelling of Latin American Countries, 1965–1985 (A. Beltran-del-Rio) Part IV: Systems of Models 13. Regional Econometric Models (Roger Bolton) 14. Project LINK and Multicountry Modelling (B.G. Hickman) Part V: Summing Up 15. A History of Computation in Econometrics 16. Lessons from Half a Century of Macroeconometric Modelling 17. Prospects for Macroeconomic Modelling

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