FINAL REPORT ON THE RESEARCH ACTIVITY CARRIED OUT BY THE PROMETEIA GROUP (ITALY) FOR THE HERMES MACROSECTORIAL MODEL
This report describes the research activity performed by the Prometeia Group for the HERMES macrosectorial model under the contract EM2-063-IT with the Commission of the European Communities. Part one reports on the strategy followed in the construction of two data bases: (1) the general data bank (completed in 1982, already described in the second intermediary report of Sept. 1982, and sent to the Commission); (2) the energy data base, only recently completed, which will be sent to the Central Group. Part two describes the results achieved in the research developed on the production block. Estimates of alternative specifications of the production functions are presented, as well as the tests performed on the anticipations and scrapping mechanisms. The section also includes a comparison of the different results and a suggested interpretation of Allen and Price elasticities. Part three illustrates the outcomes of the research performed on the energy block. Estimation results of energy input demands equations and comments on the Allen and Price elasticities are presented.
Bibliographic Reference: EUR 9178 EN (1984) MF, 122 P., BFR 240, BLOW-UP COPY BFR 610, EUROFFICE, LUXEMBOURG, POB 1003
Availability: Can be ordered online
Record Number: 1989122101200 / Last updated on: 1987-01-01
Available languages: en