“A Small Econometric-Model of Norway”
Authors: Rolf Henriksen and Aage J. Thunem,Affiliation: NTNU, Department of Engineering Cybernetics and SINTEF
Reference: 1981, Vol 2, No 1, pp. 1-17.
Keywords: Econometrics, mathematical modelling, identification, simulation
Abstract: This paper presents a small model of the Norwegian economy which has been developed by the Division of Engineering Cybernetics at the Norwegian Institute of Technology. It was primarily designed to perform ex-post simulations of the overall behaviour of the economy during the period 1968 77. The experiments show that a cut in central government income taxes might have strengthened the economy significantly without increasing inflation. They thus indicate that a high level of personal income taxation, as in Norway today, may be highly inflationary, as opposed to what is asserted in many textbooks.
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DOI: 10.4173/mic.1981.1.1References:
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BibTeX:
@article{MIC-1981-1-1,
title={{A Small Econometric-Model of Norway}},
author={Henriksen, Rolf and Thunem, Aage J.},
journal={Modeling, Identification and Control},
volume={2},
number={1},
pages={1--17},
year={1981},
doi={10.4173/mic.1981.1.1},
publisher={Norwegian Society of Automatic Control}
};