IDEAS home Printed from https://ideas.repec.org/a/oup/ajagec/v48y1966i1p88-106..html
   My bibliography  Save this article

Analysis of a Dynamic Model, with Particular Emphasis on Long-Run Projections

Author

Listed:
  • Shlomo Reutlinger

Abstract

The primary objective of this paper is to present to economists and students an efficient method for deriving long-run projections of many interrelated economic variables. Several useful equilibrium concepts are given precise definition. A simple set of supply and demand equations is used to demonstrate that mathematical analysis of dynamic econometric models is a powerful tool for projecting future time paths of certain economic variables. Short-run or impact multipliers and long-run multipliers are derived. Impact multipliers relate to the estimated effects of a change in the exogenous variables on the values of the endogenous variables in the current period. Long-run multipliers describe the estimated effects of a once-and-for-all change or continuous changes in exogenous variables on projected values of the endogenous variables. These multipliers are potentially useful in policy appraisal and long-run analyses.

Suggested Citation

  • Shlomo Reutlinger, 1966. "Analysis of a Dynamic Model, with Particular Emphasis on Long-Run Projections," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 48(1), pages 88-106.
    • Handle: RePEc:oup:ajagec:v:48:y:1966:i:1:p:88-106.
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.2307/1236181
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Willett, Lois Schertz & Watanabe, Satoko, 1991. "A Comparison Of Simulation And Analytical Methods: A Case Study Of The Effects Of Decoupling On The U.S. Rice Industry," 1991 Annual Meeting, August 4-7, Manhattan, Kansas 271171, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    2. Tomek, William G. & Robinson, Kenneth L., 1977. "PART V. Agricultural Price Analysis and Outlook," AAEA Monographs, Agricultural and Applied Economics Association, number 337217, january.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oup:ajagec:v:48:y:1966:i:1:p:88-106.. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Oxford University Press (email available below). General contact details of provider: https://edirc.repec.org/data/aaeaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.