- Home
- Publications
- Overview Of The NiGEM-S Model: Scottish Version Of The National Institute Global Econometric Model
Overview of the NiGEM-S Model: Scottish version of the National Institute Global Econometric Model
Related Themes
Macro-Economic Modelling and ForecastingPaper Category Number
422
The NiGEM-S model is based on the National Institute Global Econometric Model, NiGEM, a large-scale structural macro-econometric model of the world economy, which the National Institute has been developing since 1987. NiGEM is used for forecasting and policy analysis by NIESR and model subscribers, mainly in the policy community, including the ECB, the IMF, the OECD, the FSA, the Bank of England, and the central banks of France, Germany, Italy, Netherlands, Spain, Portugal and the Czech Republic.
NiGEM-S has two additional countries/regions and one extra-regio sector – Scotland, the rest of the UK and North Sea oil and gas sector – which are used in conjunction with the current UK model. The simulation options are limited to those affecting Scotland, the rest of the UK or North Sea oil and gas sector. NiGEM-S will be available[1] from the National Institute in Q2 2014 with a user-friendly ‘front-end’ specifically designed to facilitate simulation analysis.
Related Blog Posts
Inflation Still Likely to Fall to 2 per cent or Below Next Month
Huw Dixon
17 Apr 2024
8 min read
What is the Current State of the UK Economy?
Paula Bejarano Carbo
Stephen Millard
26 Feb 2024
7 min read
Related Projects
Related News
Why it’s not worth worrying that the UK has technically entered a recession
26 Feb 2024
4 min read
1.2 million UK Households Insolvent This Year as a Direct Result of Higher Mortgage Repayments
22 Jun 2023
2 min read
The Key Steps to Ensuring Normal Service is Quickly Resumed in the Economy
13 Feb 2023
4 min read
Related Publications
Recessionary Pressures Receding in the Rearview Mirror as UK Economy Gains Momentum
12 Apr 2024
GDP Trackers