{"title":"The Making of the Leif Johansen Multi-Sectoral Model","authors":"O. Bjerkholt","doi":"10.1400/121161","DOIUrl":null,"url":null,"abstract":"The paper traces the roots of Leif Johansen’s 1960 monograph A Multi-Sectoral Study of Economic Growth, recognized as the first computable general equilibrium (cge) model. Although Johansen might have been much attracted towards a purely theoretical study of a multi-sectoral equilibrium growth process he chose to construct an empirical model, calibrated to fit the Norwegian economy in 1950. Johansen’s Model combined Leontief ’s input-output analysis with Solow-type production functions and a Frisch-influenced specification of consumption demand. His work became influential on the further cge development. Johansen died at the age of 52 in 1982 and is regarded as the (only) intellectual heir of his teachers Ragnar Frisch and Trygve Haavelmo in originality and profoundness.","PeriodicalId":38602,"journal":{"name":"History of Economic Ideas","volume":"17 1","pages":"103-126"},"PeriodicalIF":0.0000,"publicationDate":"2009-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"16","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"History of Economic Ideas","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1400/121161","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"Arts and Humanities","Score":null,"Total":0}
引用次数: 16
Abstract
The paper traces the roots of Leif Johansen’s 1960 monograph A Multi-Sectoral Study of Economic Growth, recognized as the first computable general equilibrium (cge) model. Although Johansen might have been much attracted towards a purely theoretical study of a multi-sectoral equilibrium growth process he chose to construct an empirical model, calibrated to fit the Norwegian economy in 1950. Johansen’s Model combined Leontief ’s input-output analysis with Solow-type production functions and a Frisch-influenced specification of consumption demand. His work became influential on the further cge development. Johansen died at the age of 52 in 1982 and is regarded as the (only) intellectual heir of his teachers Ragnar Frisch and Trygve Haavelmo in originality and profoundness.
期刊介绍:
History of Economic Ideas is a new international series of Quaderni di storia dell''economia politica, a journal founded in 1983 to promote collaboration between scholars who share an historical approach to the major issues, the various "revolutions" which have left their mark on economics and the spread of economic ideas beyond the narrow circle of specialists. History of Economic Ideas rejects the dichotomy between "analysis" and "culture": both aspects are of equal importance for a wider understanding of the subject. In a period such as our own, where paradigms which once seemed unshakeable are now being challenged, a multidisciplinary analysis of the historical development of economics might contribute to shedding light on the issues at the root of current debate. Besides essays and critical surveys, the journal includes archive material and reviews of new books on history of economics. History of Economic Ideas is double-blind peer reviewed.