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Overview of the NiGEM-S Model: Scottish version of the National Institute Global Econometric Model

Author

Listed:
  • Dr Katerina Lisenkova

  • Iana Liadze

  • Dr Ian Hurst

Abstract

The NiGEM-S model is based on the National Institute Global Econometric Model, NiGEM, a large-scale structural macro-econometric model of the world economy, which the National Institute has been developing since 1987. NiGEM is used for forecasting and policy analysis by NIESR and model subscribers, mainly in the policy community, including the ECB, the IMF, the OECD, the FSA, the Bank of England, and the central banks of France, Germany, Italy, Netherlands, Spain, Portugal and the Czech Republic. NiGEM-S has two additional countries/regions and one extra-regio sector – Scotland, the rest of the UK and North Sea oil and gas sector – which are used in conjunction with the current UK model. The simulation options are limited to those affecting Scotland, the rest of the UK or North Sea oil and gas sector. NiGEM-S will be available[1] from the National Institute in Q2 2014 with a user-friendly ‘front-end’ specifically designed to facilitate simulation analysis. [1] For details check https://nimodel.niesr.ac.uk/

Suggested Citation

  • Dr Katerina Lisenkova & Iana Liadze & Dr Ian Hurst, 2014. "Overview of the NiGEM-S Model: Scottish version of the National Institute Global Econometric Model," National Institute of Economic and Social Research (NIESR) Discussion Papers 422, National Institute of Economic and Social Research.
    • Handle: RePEc:nsr:niesrd:422
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    References listed on IDEAS

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    1. Robert Anderton & Ray Barrell, 1995. "The ERM and structural change in European labour markets: A study of 10 countries," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 131(1), pages 47-66, March.
    2. Dr Tatiana Fic & Ana Rincon-Aznar & Lucy Stokes & Dawn Holland, 2011. "Labour mobility within the EU," National Institute of Economic and Social Research (NIESR) Discussion Papers 379, National Institute of Economic and Social Research.
    3. Robert Anderton & Ray Barrell, 1993. "The ERM and structuralchange in European labour market: a study of 10 countries," National Institute of Economic and Social Research (NIESR) Discussion Papers 40, National Institute of Economic and Social Research.
    4. Barrell, Ray & Pain, Nigel, 1997. "Foreign Direct Investment, Technological Change, and Economic Growth within Europe," Economic Journal, Royal Economic Society, vol. 107(445), pages 1770-1786, November.
    5. Holland, Dawn & Kirby, Simon & Orazgani, Ali, 2011. "Modelling the Sovereign Debt Crisis in Europe," National Institute Economic Review, National Institute of Economic and Social Research, vol. 217, pages 37-45, July.
    6. Barrell, R. & Hall, S.G. & Hurst, I., 2006. "Evaluating policy feedback rules using the joint density function of a stochastic model," Economics Letters, Elsevier, vol. 93(1), pages 1-5, October.
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    Cited by:

    1. Gern, Klaus-Jürgen & Hauber, Philipp & Potjagailo, Galina, 2015. "Economic slowdown in China: Current assessment and global implications," Kiel Policy Briefs 94, Kiel Institute for the World Economy.

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