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DRI Model of the U.S. Economy (DRI)

Description:

The DRI Model represents national economic production and income corresponding to the National Income and Product Accounts published by the Department of Commerce. These forecasts of national activity extend 25 years and serve as the basis for EIA macroeconomic forecasts. EIA alters the DRI forecasts so that the energy variables included in the macro- economic model correspond to EIA energy price forecasts.

Last Model Update:

August 2000

Part of Another Model?

No

Sponsor:

• Office: Office of Integrated Analysis and Forecasting
• Division: International, Economic, and Greenhouse Gases Division
• Model Contact: Ronald Early
• Telephone: (202) 586-1398
• E-Mail Address: Ronald.Early@eia.doe.gov

Documentation:

Energy Information Administration, Documentation of the DRI Model of the U.S. Economy, DOE/EIA-M061
(Washington, DC, December 1993)
http://tonto.eia.doe.gov/FTPROOT/modeldoc/m061.pdf.

Archive Media and Installation Manual(s):

See Integrating Module of the National Energy Modeling System.

Coverage:

• Geographic: Quarterly forecasts for 25 years at a national level
• Time Unit/Frequency: Quarterly
• Product(s): Personal consumption expenditures, producers durable equipment investment, nonresidential construction, residential construction and nondefense Federal Government expenditures, Federal defense expenditures, exports, imports, inventory change in final goods, and inventory change in materials and work-in-process
• Economic Sector(s): Domestic spending, domestic income, tax policy, international, financial, inflation, simulated supply potential, expectations.

Modeling Features:

• Model Structure: The DRI Model forecasts roughly 1,200 concepts encompassing final demands, aggregate supply, prices, incomes, interest rates, industrial detail, and international trade. There are eight blocks to the model: Domestic spending, domestic income, tax sector, prices, financial, international trade, expectations, and aggregate supply. The domestic spending, income and tax blocks correspond to the National Income and Product Accounts. The rest of the blocks interact with the blocks describing domestic activity
• Modeling Technique: Econometric simulation modeling techniques
• Special Features: None.

Non-DOE Input Sources:

• U.S. Department of Commerce (Washington, DC)
  • Consumption
  • Investment
  • Residential construction
  • Exports
  • Imports
  • Inventory change
  • Defense spending.

DOE Data Input Sources:

None.

Computing Environment:

See Integrating Module of the National Energy Modeling System.