Model scope and methods - IMACLIM-India: Difference between revisions

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IMACLIM-IND operates in a comparative-static framework as a system of simultaneous non-linear equations:
With  a set of  variables,  a set of  parameters and  a set of  functions, for some of them linear, for some of them non-linear. The values of some variables at calibration year constitute a specific subset of parameters, which we systematically note as the variables with a  index. The  functions embody constraints of either an accounting nature or a behavioral nature. The accounting constraints impose themselves on the modeler for the sake of consistency. The behavioral constraints, quite distinctively, convey the modeler’s views on economic causalities and correlations.

Latest revision as of 14:16, 13 May 2020

Alert-warning.png Note: The documentation of IMACLIM-India is 'in preparation' and is not yet 'published'!

Model Documentation - IMACLIM-India

Corresponding documentation
Previous versions
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Model information
Model link
Institution Indian Institute of Management Lucknow (IIML), India, www.iiml.ac.in., Indian Institute of Management Ahmedabad (IIMA), India, www.iima.ac.in.
Solution concept General equilibrium (closed economy)
Solution method Optimization
Anticipation

IMACLIM-IND operates in a comparative-static framework as a system of simultaneous non-linear equations:

With  a set of  variables,  a set of  parameters and  a set of  functions, for some of them linear, for some of them non-linear. The values of some variables at calibration year constitute a specific subset of parameters, which we systematically note as the variables with a  index. The  functions embody constraints of either an accounting nature or a behavioral nature. The accounting constraints impose themselves on the modeler for the sake of consistency. The behavioral constraints, quite distinctively, convey the modeler’s views on economic causalities and correlations.

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