Social Accounting and Economic Models

accumulation amount demanded approximation assumption behaviour bought budget capital expenditure car-units cars column commodity Consumption expenditures cost Cowles Commission demand equation denotes diagram domestic product durable E-hs economic system elements Engel curve entries equal estimates example expenditures on real exports expressed factors of production final demand flow follows given households imports income and prices Income and Wealth income elasticity income is held indirect taxes individual industries initial stock input input-output analysis input-output matrix input-output model input-output table least squares linear log-normal log-normal distribution logarithms long-term elasticities market equations method of least million model of consumers money income motor-cars national accounts National Income observations parameters period price substitution productive activity purchases quantity demanded real assets real income relating represented revenue saturation level short-term shown social accounts Statistical substitution matrix total expenditure transactors United Kingdom usually variables vector zero