Empirical Economics

, Volume 1, Issue 4, pp 251–288 | Cite as

An econometric simulation model of West Germany: The littauer model

  • B. Spahn
Article
  • 43 Downloads

Summary

The econometric Littauer Model for the German Federal Republik includes a detailed government sector, and a clear distinction is made between the private und public sectors throughout the model. The model comprises production and potential output sectors, an income distribution sector, household and government sectors, a wage-price sector and a real demand sector, the latter comprising the heart of the model. The model incorporates disaggregated private consumption functions, and investment functions which distinguish between residential investment, other private fixed investment, and changes in inventories. Altogether 171 endogenous variables for the German economy are determined in the Littauer Model, of which 68 are behavioral or quasibehavioral.

Keywords

Simulation Model Public Sector Economic Theory Income Distribution Clear Distinction 

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Copyright information

© Physica-Verlag 1976

Authors and Affiliations

  • B. Spahn
    • 1
  1. 1.CRFFRThe Australian National UniversityAustralia

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