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Object-Oriented Interindustry Systems: Proof of Concept

Author

Listed:
  • Péter Járosi

    () (Regional Research Institute, West Virginia University)

  • Randall W. Jackson

    () (Regional Research Institute, West Virginia University)

Abstract

This document provides a proof-of-concept demonstration of an object-oriented approach to modeling an inter-industry system. The example framework uses a small CGE model based on a three-sector social accounting matrix (SAM). The economy is shocked by changing total factor of productivity in the production function, the new equilibrium is determined in classical CGE fashion, and the original SAM is updated to conform to the new equilibrium solution. In this way,the efficiency of the Object-oriented modeling (OOM) approach can be emphasized in the context of the computational simulations of inter-industry systems by a simplified CGE example written in Python. Since this example implemented as only a possible application of the OOM, the proof of the concept should be interpreted as a particular but among the most difficult economic modeling cases.

Suggested Citation

  • Péter Járosi & Randall W. Jackson, 2015. "Object-Oriented Interindustry Systems: Proof of Concept," Working Papers Technical Document 2015-0, Regional Research Institute, West Virginia University.
  • Handle: RePEc:rri:wpaper:2015td03
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    File URL: http://rri.wvu.edu/wp-content/uploads/2013/09/2015-03_Object_Oriented_Interindustry_Systems.pdf
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    Cited by:

    1. Randall Jackson & Sergio Rey & Péter Járosi, 2016. "Object Orientation, Open Regional Science,and Cumulative Knowledge Building," Working Papers Working Paper 2016-02, Regional Research Institute, West Virginia University.

    More about this item

    Keywords

    Object oriented modeling; interindustry;

    JEL classification:

    • C67 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Input-Output Models
    • C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models
    • C63 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computational Techniques
    • R15 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Econometric and Input-Output Models; Other Methods

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