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Project LINK: Integrate independently
developed national econometric models
into a world econometric model
Project LINK is a large cooperative, non-governmental, international research consortium. It is based on a world-wide network of participants in more than 60 countries in the industrial and developing world, and it is internationally recognized as a leading centre of quantitative international economic analysis. The activities of Project LINK are coordinated jointly by the Project LINK Research Centre at the University of Toronto and the Department for Economic and Social Affairs of the United Nations.
Project LINK's principal achievement has been to integrate independently developed national econometric models into a world econometric model (LINK). Initiated in 1968 under the auspices of the U.S. Social Science Research Council and the leadership of Nobel Laureate Lawrence Klein, the project has expanded from a core of 11 researchers and seven country models to more than 250 participants and 78 models at the present time for a comprehensive coverage of the global economy. The national centres of the project include universities , private research organizations, government agencies, and central banks. A further expansion of the system to approximately 120 countries and regions is currently under way.
The most important feature of Project LINK is its reliance on the expertise in modeling and economic analysis of resident economists from all OECD countries, more than forty individual developing countries, and almost all the economies in transition. Most of these groups operate national econometric models which are part of the LINK system. In addition, the Project welcomes affiliated participants from all over the world and many international organizations. The core research group at the LINK Centre is responsible for the international transmission mechanisms which operate through trade flows, price linkages, capital flows, interest rates, exchange rates, migration, technology transfers, and global commodity markets, as well as for the maintenance and operation of the fully linked world model.