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An Econometric Approach to General Equilibrium Analysis

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Current Developments in the Interface: Economics, Econometrics, Mathematics

Abstract

The purpose of this paper is to present nonlinear econometric models of producer and consumer behavior suitable for incorporation into a general equilibrium model of the U.S. economy. General equilibrium modeling originated with the seminal work of Leontief [50], based on empirical implementation of a static input-output model for the U.S. economy. Leontief [51] gave a further impetus to the development of general equilibrium modeling by introducing a dynamic input-output model.

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Authors and Affiliations

  1. Harvard University, USA

    D. W. Jorgenson

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  1. D. W. Jorgenson
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Editors and Affiliations

  1. Mathematical Centre, Amsterdam, The Netherlands

    M. Hazewinkel

  2. Department of Operations Research, Erasmus University Rotterdam, The Netherlands

    A. H. G. Rinnooy Kan

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Jorgenson, D.W. (1982). An Econometric Approach to General Equilibrium Analysis. In: Hazewinkel, M., Kan, A.H.G.R. (eds) Current Developments in the Interface: Economics, Econometrics, Mathematics. Springer, Dordrecht. https://doi.org/10.1007/978-94-009-7933-8_14

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  • DOI: https://doi.org/10.1007/978-94-009-7933-8_14

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