System for economic simulation

  title={System for economic simulation},
  author={Zalman A. Shavell},
  booktitle={WSC '74},
  • Zalman A. Shavell
  • Published in WSC '74 1974
  • Computer Science
  • The characteristics desirable in a system designed for the development and operation of simultaneous equation economic models are outlined. Classes of users are identified; and their needs are considered. Specifically, the point is made that a system for economic simulation must include a data management capability and facilities for the analysis of data and the estimation of parameters in addition to those required to exercise models. 

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