QUALITATIVE EQUATIONLESS MACROECONOMIC MODELS AS GENERATORS OF ALL POSSIBLE FORECASTS BASED ON THREE TREND VALUES – INCREASING, CONSTANT, DECREASING
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216305%3A26510%2F18%3APU126217" target="_blank" >RIV/00216305:26510/18:PU126217 - isvavai.cz</a>
Result on the web
<a href="http://www.sciencedirect.com/science/article/pii/S0954349X16300352" target="_blank" >http://www.sciencedirect.com/science/article/pii/S0954349X16300352</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1016/j.strueco.2018.01.001" target="_blank" >10.1016/j.strueco.2018.01.001</a>
Alternative languages
Result language
angličtina
Original language name
QUALITATIVE EQUATIONLESS MACROECONOMIC MODELS AS GENERATORS OF ALL POSSIBLE FORECASTS BASED ON THREE TREND VALUES – INCREASING, CONSTANT, DECREASING
Original language description
This paper studies macroeconomic models based on a set of qualitative heuristics. A qualitative heuristic is described using just trends; i.e. increasing, decreasing, constant. The trends are the least information intensive quantifiers. E.g. an unemployment is increasing more and more rapidly represents the positive first time derivative of the unemployment (increasing) and positive second derivative (more and more rapidly). It means that not just trends but higher derivatives can be incorporated into a model if they are qualitatively known. No quantitative quantifiers, e.g. numbers, fuzzy sets, are used in this paper. The solution of a qualitative model is a set S of scenarios. A set T of transitions among the set of scenarios S is used to generate an oriented graph H. Any future and past time behaviour of the system under study is described by a path within the graph H. A ten-dimensional macroeconomic serves as a case study.
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50202 - Applied Economics, Econometrics
Result continuities
Project
<a href="/en/project/GA17-23448S" target="_blank" >GA17-23448S: Modelling and simulation of sustainable investment decision-making</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)
Others
Publication year
2018
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Structural Change and Economic Dynamics
ISSN
0954-349X
e-ISSN
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Volume of the periodical
2018
Issue of the periodical within the volume
45
Country of publishing house
NL - THE KINGDOM OF THE NETHERLANDS
Number of pages
7
Pages from-to
1-7
UT code for WoS article
000435054300003
EID of the result in the Scopus database
2-s2.0-85040257853