ABSTRACT

This chapter examines various multipliers of the system. It describes how multipliers are computed for nonlinear systems in general and how they are used in Ecesis in particular. The chapter also describes how the control solution is constructed. It discusses the basic trends of the control solution. The chapter presents the design of the multiplier tests and the multiplier results. It also discusses the implications of the multiplier experiments. To compute multipliers empirically a control solution is needed to compare to the shocked solution. Ecesis is "tracked" so that the actual historical data from the period of 1959 to 1980 serve as the control solution. The trends in the control solution are only of secondary importance for the multiplier experiments. Comparison of the impact multipliers across the three levels of linkages does not reveal any major structural changes. The paths of the multiperiod dynamic multipliers over time will better reveal the effects of the varying level of linkages.