How to implement economic model in

LEAP?
1. Add independent and dependent economic variables
as a branch under KEY ASSUMPTIONS
How to implement economic model in
LEAP?
2. Input econometric model as expressions.
2.1. Find econometric model that relates the dependent to
independent variables.
Energy use (kg of oil Access to electricity, rural (% of GDP (constant Labor force,
equivalent per capita) rural population) 2010 US$) total
1990 28709067000 40.1491516 94520033471 22741143
1991 28667724000 42.05555361 93973391366 23483164
1992 29971826000 43.95772657 94290648382 24245195
1993 29949413000 46.4 96286128143 24965823
1994 32093927000 47.7321318 1.00511E+11 25630368
1995 33621811000 49.59450693 1.05213E+11 26343013
1996 34770985000 51.43378327 1.11364E+11 26996221
1997 36593598000 53.24510125 1.17139E+11 27686251
1998 37646052000 51.9 1.16463E+11 28506333
1999 38643579000 55.25380652 1.20052E+11 29219813
2000 39990047000 58.4860893 1.25348E+11 29953311
2001 38291167000 60.27341239 1.28976E+11 30755300
2002 38814587000 62.02483143 1.33678E+11 31501594
2003 38913752000 59.8 1.40322E+11 32216119
2004 38789379000 65.46047263 1.49721E+11 32801108
2005 38853610000 67.16172028 1.56874E+11 33691711
2006 38569378000 68.86518778 1.65099E+11 34630153
2007 38646826000 70.57935961 1.76023E+11 35510753
2008 40105057000 72.8 1.83332E+11 36414550
2009 38186606000 74.05745571 1.85438E+11 37641192
2010 40397136000 75.81545302 1.99591E+11 38629516
2011 40666720000 77.57135027 2.06895E+11 39917372
2012 43254721000 79.32341861 2.20724E+11 40509613
2013 44794753000 81.5 2.36316E+11 41207282

http://data.worldbank.org/country/philippines
2.1. Find econometric model that relates the dependent to
independent variables.
2.2. On Current Accounts scenario, input ‘Base Year’ value of
independent variables as expression.
2.3. For the dependent variable, input econometric model as
expression.
2.3. For the dependent variable, input econometric model as
expression.

29012100732.91 − 28709067000
%𝑒𝑟𝑟𝑜𝑟 = 𝑥 100%
28709067000

%𝑒𝑟𝑟𝑜𝑟 = 1.06%