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Macroeconomic Forecasting from Input-Output Tables Alone: A Darwinian Agent-Based Approach with FIGARO Data

Published 12 Mar 2026 in econ.GN | (2603.12412v1)

Abstract: How much macroeconomic information is contained in a single input-output table? We feed FIGARO 64-sector symmetric tables into DEPLOYERS, a Darwinian agent-based simulator, producing genuine out-of-sample GDP forecasts. For each year, the model reads one FIGARO table for year N, self-organizes an artificial economy through evolutionary selection, then runs 12 months of autonomous free-market dynamics whose emergent growth rate predicts year N+1. The I-O table is the only input: no time series, no estimated parameters, no expectations formation, no external forecasts. We present five results. First, a 9-year Austrian panel (2010-2018) using 12-seed ensembles produces MAE of 1.22 pp overall; for five non-crisis years, MAE falls to 0.42 pp -- comparable to the best professional forecaster (WIFO: 0.48 pp). Second, cross-country portability is demonstrated across multiple FIGARO countries with zero parameter changes. Third, a German 9-year panel reveals systematic +3.7 pp positive bias from export dependency -- an informative negative result. Fourth, a COVID-19 simulation demonstrates the I-O structure as a shock propagation mechanism: a 19-month timeline produces Year 1 GDP -4.62% vs empirical -6.6%. Fifth, emergent firm size distributions match European Commission data without micro-target calibration. These results establish the I-O table as serving a dual purpose: structural baseline engine and dynamic shock propagation mechanism. Since FIGARO covers 46 countries, the approach is immediately portable without retuning parameters.

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