AN INTRODUCTION TO ITERATIVE METHODS FOR SOLVING SIMULTANEOUS EQUATION MODELS: ILLUSTRATIONS FROM ECONOMICS

This paper focuses on the application of computer-based, iterative methods for deriving analytical solutions to economic models expressed as systems of simultaneous linear and/or nonlinear equations. Practical suggestions for using four specific methods are emphasized. Analogies form economics are used to explain practical and theoretical points.


Issue Date:
1978
Publication Type:
Working or Discussion Paper
PURL Identifier:
http://purl.umn.edu/13915
Total Pages:
94
Series Statement:
Staff Paper P78-11




 Record created 2017-04-01, last modified 2017-08-23

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