Munich Personal RePEc Archive

Divergences in the results of stochastic and deterministic simulation of an Italian non linear econometric model

Bianchi, Carlo and Calzolari, Giorgio and Corsi, Paolo (1976): Divergences in the results of stochastic and deterministic simulation of an Italian non linear econometric model. Published in: Simulation of Systems (1976): pp. 653-661.

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Abstract

The importance of the simulation (both deterministic and stochastic) in the validation process of a non linear econometric model is underlined. Synthetic results of a large set of simulations on a non linear model of the Italian economy are presented. The benefits and the risks of the stochastic simulation are discussed, with particular emphasis on the problem of the existence of divergences in the results of the two methods of simulation.

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