What is a Pronosticos Modelo Insumo Producto?

A Pronosticos Modelo Insumo Producto (PMIP) is a forecasting model commonly used in economics to analyze the interrelationships and dynamics of different sectors within an economy. It is a computable general equilibrium (CGE) model that determines the future behavior of an economic system by considering the inputs and outputs of various industries and sectors. The PMIP takes into account the interdependencies between industries and households, allowing policymakers and economists to predict the impact of changes in policy, technology, or external shocks on the overall economy. This model is particularly useful for policy analysis and long-term planning as it provides insights into the potential effects of different economic scenarios.

This mind map was published on 9 December 2023 and has been viewed 43 times.