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    Multiplier analysis

    As part of testing and analysing the model a set of , standard multipliers, , , first year effects,  and a , collection of examples, is presented with every model version. These give a broad overview of the analysis possibilities of ADAM. Multipliers are used to analyse the effects of economic and political changes.  A demand shock in ADAM affects both production, employment and consumption in the short run. In the long run the effect on employment disappears. In contrast, a supply shock will have a permanent effect on employment. This is in line with most models of small open economies with a fixed exchange rate policy and a Phillips curve. , In principle, there is no automatic monetary or fiscal policy reaction function in ADAM. This aspect should be taken into consideration in the comparison with other economic models. Furthermore the specific danish laws and rules modelled in ADAM could be important when comparing with models for other economies. , For every new model version a series of standard experiments are produced to enable the analysis of the model characteristics. At the same time, the experiments makes it possible to compare the characteristics of the new model version with previous ones. All multiplier analysis are based on a base line representing a solution with respect to the endogenous variables based on a stylized forecast of the exogenous variables. , standard multipliers,  are made by changing one or a few of the exogenous variables and afterward calculating the effect on the endogenous variables. , first year effects,  represents the short run. Focus is especially on fiscal policy and the characteristics are examined by comparing with the previous model version.,  ,  

    https://www.dst.dk/en/Statistik/ADAM/Multiplikatorer

    Analyses: Large increase in sales of goods abroad by Danish manufacturing industries

    Globalisation means that Danish enterprises are increasingly organising their production across borders. Today, processing abroad, traditional trading with goods across borders, as well as purchases and sales of goods not crossing Danish borders (merchanting) have become closely linked. This trend has been particularly strong over the past decade., This analysis describes how enterprises organise production internationally, with special focus on Danish manufacturing industries’ production and sales abroad. The analysis is based on new figures for balance of payments and international trade in goods and ser­vices, which were published on 10 October 2016., Main conclusions of the analysis: , In 2005, Danish manufacturers sold goods abroad which were not produced in Denmark for about DKK 8 bn. In 2015, this figure had risen to more than DKK 120 bn., Sales of merchanting goods by manufacturing industries, i.e. goods purchased and sold outside of Danish borders, amounted to almost DKK 70 bn. in 2015. The merchanting goods were primarily sold in other EU countries., Purchases abroad by Danish enterprises of foreign goods for processing abroad have in­creased over ten years from virtually zero to almost DKK 16 bn. In the same period, pur­chases by Danish enterprises of processing services abroad have risen from almost DKK , 1 bn. to almost DKK 9 bn., Get as pdf, Large increase in sales of goods abroad by Danish manufacturing industries, Colophone, Large increase in sales of goods abroad by Danish manufacturing industries, Subject group: Economy, Released: 18 November 2016 09:00, No. 2016:22, ISSN pdf: 2446-0354, Contact:, Pia Nielsen, Telephone: +45 30 61 93 05

    Analysis

    Analyses: How the Danish consumption affects the world's natural resources

    The Danish consumption taps into the natural resources - not just domestically, but in major parts of the world. Our planet's resources are not infinite, and the focus on sustainability and pressure on resources is increasing., This analysis takes a closer look at the use of natural resources in the Danish economy and presents the results of the first assessment of the Danish resource footprint. The resource footprint is an attempt to account for the resources extracted from nature both in Denmark and abroad for the goods and services used in the Danish economy., Main conclusions: , Danish imports in 2016 weighed 63m tonnes. However, the production of imported goods and services is associated with an additional intermediate consumption of 70m and 21m tonnes respectively, so that total imports accounted for a resource footprint of approximately 154m tonnes in 2016., The weight of the goods exported from Denmark in 2016 was 38m tonnes, but behind the production of this was a total extraction of 102m tonnes of raw materials in Denmark and abroad. Moreover, the production of services for export required 35m tonnes of raw materials., Denmark’s resource footprint per capita is considerably bigger than the EU average. Our consumption and investments etc. required extraction of 22 tonnes of raw materials per capita, whereas the EU average was 14 tonnes., The Danish resource footprint has grown since 2013, but is lower than in 2008. Especially the consumption of goods associated with non-metallic minerals, such as stone and gravel for the construction industry, has grown., Get as pdf, How the Danish consumption affects the world's natural resources, Colophone, How the Danish consumption affects the world's natural resources, Subject group: Environment and energy, Released: 14 February 2020 08:00, No. 2020:04, ISSN pdf: 2446-0354, Contact:, Bogomil Emilov Iliev, Telephone:

    Analysis