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Inforum models: Origin, evolution and byways avoided

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  • Clopper Almon

    (University of Maryland)

Abstract

Inforum models have been built and used in a number of countries including the USA, Russia, Germany, Poland, Latvia, Austria, Italy, Spain, the United Kingdom2, South Africa, Mexico, Colombia, China, Japan, Taiwan, Thailand, and Vietnam and perhaps others. They make extensive use of econometrics and input-output analysis to describe the functioning of an economy not only at a macroeconomic level but also at the level of individual products and industries. I want to record–somewhat autobiographically—the beginnings of these models, outline their evolution, defend them and other econometric models against the sweeping Lucas critique, and mention some of the fads in economics and modeling which have been avoided for good reason.

Suggested Citation

  • Clopper Almon, 2016. "Inforum models: Origin, evolution and byways avoided," Studies on Russian Economic Development, Springer, vol. 27(2), pages 119-126, March.
    • Handle: RePEc:spr:sorede:v:27:y:2016:i:2:d:10.1134_s1075700716020039
    DOI: 10.1134/S1075700716020039
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    Cited by:

    1. Clio Ciaschini & Margherita Carlucci & Francesco M. Chelli & Giuseppe Ricciardo Lamonica & Luca Salvati, 2022. "Decreasing consumption because of covid-19? A multisectoral assessment," RIEDS - Rivista Italiana di Economia, Demografia e Statistica - The Italian Journal of Economic, Demographic and Statistical Studies, SIEDS Societa' Italiana di Economia Demografia e Statistica, vol. 76(2), pages 4-12, April-Jun.
    2. Rossella Bardazzi & Leonardo Ghezzi, 2018. "A Multi-Scale System of Macroeconometric Models: the Inforum Approach," Studies on Russian Economic Development, Springer, vol. 29(6), pages 598-606, November.
    3. Rossella Bardazzi & Leonardo Ghezzi, 2022. "Large-scale multinational shocks and international trade: a non-zero-sum game," Economic Systems Research, Taylor & Francis Journals, vol. 34(4), pages 383-409, October.
    4. A. A. Shirov, 2018. "Use of Input–Output Approach for Supporting Decisions in the Field of Economic Policy," Studies on Russian Economic Development, Springer, vol. 29(6), pages 588-597, November.

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