ABSTRACT

This chapter deals with a projection of the United States (US) over the certain years. The justification for neglecting the rest of the world at this stage is as follows: First, people are interested in methodology, and for this purpose the United States presents a sufficiently complex case. Second, this is an empirical study requiring reliable data; U. S. data are well developed and easily accessible. Third, the United States is reasonably homogeneous and has a large enough and sufficiently "closed" economy so that the influence of the rest of the world is actually quite small. Certain disamenities which are produced by population and economic growth are treated as subtractions from welfare. The model projects its characteristics of households, the geographic distribution of population, the income distribution, and the labor productivities in different sectors such as agriculture, manufacturing, services and government.