Using counterfactuals from macroeconomic models to assess risks to accomplishment of structural innovations
Year: 2019
Type: conference-paper
Abstract: A macroeconomic model often described as an input-output model, is specified mathematically to characterize production and consumption in an economy. Perturbations of attributes this macroeconomic model allow the examination of counterfactuals - hypothetical scenarios that run “counter to the facts” of an existing reality – to assess risks to accomplishments of structural innovations in light of plausible endogenous or exogenous shocks to the economy.
Authors: D Passmore, V Borkovskaya
Language: English
Topic: Economic Theory and Policy
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W2999742045