Date of Award
Senior Scholars Paper (Open Access)
Colby College. Economics Dept.
This project constructs a structural model of the United States Economy. This task is tackled in two separate ways: first econometric methods and then using a neural network, both with a structure that mimics the structure of the U.S. economy. The structural model tracks the performance of U.S. GDP rather well in a dynamic simulation, with an average error of just over 1 percent. The neural network performed well, but suffered from some theoretical, as well as some implementation issues.
United States, economy, econometric, U.S. GDP, neural network
Recommended CitationCohen, David, "Constructing a Structural Macroeconomic Model Using Multiple Techniques" (2004). Senior Scholar Papers. Paper 286.
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