Title:

Regional & Multi-Sector Input-Output Model for the Czech Republic

Group publication title:

20-th AMSE. Applications of Mathematics and Statistics in Economics. International Scientific Conference: Szklarska Poręba, 30 August- 3 September 2017. Conference Proceedings Full Text Papers

Creator:

Gawthorpe, Kateřina ; Šafr, Karel

Subject and Keywords:

DSGE ; regional model ; multi-sector model ; input-output

Description:

20-th AMSE. Applications of Mathematics and Statistics in Economics. International Scientific Conference: Szklarska Poręba, 30 August- 3 September 2017. Conference Proceedings Full Text Papers, s. 169-182

Abstrakt:

Central authorities as well as many other institutions around the world base their economic predictions on simulations of Dynamic Stochastic General Equilibrium models. The Czech central institutions utilize so-called New Keynesian type of DSGE model. Variant of the Czech Ministry of Finance model Hubert will serve as a benchmark model in this study. As well as the original model, the composition of the model will incorporate New Keynesian characteristics such as price or wage stickiness. Furthermore, the model is extended for features which allow a detailed disaggregation of the initial model into eight regions and eight sectors. The generous dataset from the Czech Statistical Office offers aggregate data as well as regional input-output tables. These data allow precise estimation of individual parameters. The applied method can be of use to other analysts or central authorities questioning the varying impact of policies on regional but also sectoral-level

Publisher:

Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu

Place of publication:

Wrocław

Date:

2017

Resource Type:

materiały konferencyjne

Format:

application/pdf

Resource Identifier:

doi:10.15611/amse.2017.20.13

Language:

eng

Relation:

20-th AMSE. Applications of Mathematics and Statistics in Economics. International Scientific Conference: Szklarska Poręba, 30 August- 3 September 2017. Conference Proceedings Full Text Papers

Rights:

Wszystkie prawa zastrzeżone (Copyright)

Access Rights:

Dla wszystkich w zakresie dozwolonego użytku

Location:

Uniwersytet Ekonomiczny we Wrocławiu