Releases: sei-international/LEAPMacro.jl
Release list
deprecated
LEAP-Macro has been migrated to AMES.jl, for the Adaptable Macroeconomic Extension for Sustainability analysis. Please go to the AMES repository for the most recent version.
v2.2.9
This version implements the following changes:
- Indices passed to LEAP now start from LEAP's last historical year. (The prior behavior was to begin with the start year of the Macro simulation.)
- In an exogenous file (e.g., prices or potential output), if a sector or product name is missing, it now triggers a warning rather than an error. This makes it easier to use the same exogenous files when running with and without energy sectors.
In addition, the documentation has been edited for clarity.
v2.2.8
- Added an optional term in the investment function for the current account-to-GDP ratio, to simulate a response of foreign investment to perceived risk, with lower/higher investment when the ratio is negative/positive.
- In the investment function, added option to use either the profit rate at full capacity utilization or as realized profits (the default)
- When exogenous production is specified, imports are reduced in line with domestic production, while exports are increased: If imports are already low, this simulates targeting an expanding export market; if imports are high, it simulates an import substitution strategy.
- Several improvements and some bug fixes to the PEST calibration feature.
v2.2.7
The major changes introduced in this version involve dynamic intermediate demand coefficients. These are based on the "use" table. They can optionally be made dynamic. With version 2.2.7:
- Introduced sector-specific parameters for intermediate demand coefficients
- Altered the algorithm for calculating change in intermediate demand coefficients to make it more uniform across sectors
- Added a "domestic insertion" indicator that captures the intensity of direct and indirect domestic intermediate demand from a sector
- Updated documentation to reflect the changes
Also:
- Created a "minimal" sample model that requires only Macro, and does not run LEAP
- Added a French translation of the interface
v2.2.6
This release expands the possibilities for specifying labor productivity growth. Previously, a Kaldor-Verdoorn model could be provided at the level of the whole economy, while a fixed labor productivity growth rate could be specified as a special case of the Kaldor-Verdoorn formula with a growth coefficient equal to zero. With version 2.2.6:
- A fixed labor productivity growth rate can be specified directly, rather than indirectly using the Kaldor-Verdoorn parameters;
- Either the Kaldor-Verdoorn parameters or fixed labor productivity growth rates can be specified at the level of the whole economy, as before;
- Additionally, the Kaldor-Verdoorn parameters or fixed labor productivity growth rates can be specified by sector, to capture the impact of structural change on employment and labor productivity.
The online documentation has been updated to reflect the change.
v2.2.5
This version contains a single new feature: To support model calibration, version 2.2.5 includes a script, with supporting files, that can generate input files for the parameter estimation tool PEST. The script then runs PEST. Documentation was updated to include an explanation of how to use the new script and its supporting files.
v2.2.4
New features:
- Value added rather than production can be set as the activity level when passing Macro results to LEAP
- The exchange rate can optionally be applied to investment costs passed from LEAP to Macro
- LEAP-Macro now supports internationalization
Bug fixes:
- If an exogenous data file doesn't exist, a warning is issued (and the file is ignored)
- A bug was fixed in which LEAP is using a non-English language in the interface (in which case, LEAP Views take different names)
- A bug was fixed in which an internal exchange rate conversion occurred after the point where it was used
Documentation:
- The LEAP exercise was added to the online documentation (and the Freedonia sample files were updated)
- The new features listed above were added to the online documentation
v2.2.3
The following features were added and documented:
- LEAP results can now be pulled from a specific LEAP version, identified by number or comment (when calling the run() function)
- Macro can be set to push results to LEAP without calculating LEAP (when calling the run() function)
- Specified investment branches can now be excluded, e.g., for a fictitious "backstop" branch when running NEMO (in the config file)
- LEAP investment in one year can be spread out over multiple years in Macro (in the config file)
- To align energy inputs from LEAP with Macro run numbers, the I_en_#.csv file now starts at 1 (it had started at 0)