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The Danish growth model CLEO and the stability of the economy

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  • Niels Kærgaard
CLEO is a model of the Danish economy estimated for the period 1870-1970. It is a two-sector model containing a total of 21 estimated equations and 27 identities. The stability of the model is first tested by comparing estimates for three subperiods and second by evaluation of the forecasting capability for the post-estimation period 1971-1981. About half of the relations seem almost unchanged for more than a hundred years
OriginalsprogEngelsk
TidsskriftEconomic Modelling
Vol/bind8
Udgave nummer2
Sider (fra-til)175-186
ISSN0264-9993
DOI
StatusUdgivet - 1991

ID: 157954