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The SALTER Model of the World Economy

In 1990 the Department of Foreign Affairs and Trade commissioned the Industries Assistance Commission to develop a global trade model. The model was named SALTER (Sectoral Analysis of Liberalising Trade in the East Asian Region) after the distinguished Australian economist Wilfred Salter. A version of the SALTER model - the WEDGE model - was developed to analyse the Costs and Benefits of Reducing Greenhouse Gas Emissions (Industry Commission Inquiry Report).

The SALTER model played an important part in the subsequent development of the Global Trade Analysis Project (GTAP) model. Many of the tools that were developed for the SALTER project are critical to this day to the production of the GTAP database.

Salter Working Papers

The following papers constitute the entire SALTER library, including the final model documentation (Jomini et al, 1994), several prior versions and the many utilities and inputs into building SALTER.

No 24   Jomini, P., McDougall, R., Watts, G. and Dee, P.S. 1994, The SALTER Model of the World Economy: Model Structure, Database and Parameters, Industry Commission, Canberra

No 1   McDougall, R. 1991, Linking CGE Country Models: An Example Using the OECD's Walrus Model, Industry Commission, Canberra

No 2   McDougall, R. 1991, Linking Regional Models in WALRAS, Industry Commission, Canberra

No 3   McDougall, R., Sugden, C. 1991, Implementation of the WALRAS Model of the Australian Economy, Industry Commission, Canberra

No 4   Zeitsch, J., McDougall, R., Jomini, P., Welsh, A., Hambley, J., Brown, S. and Kelly, J. 1991, SALTER: A General Equilibrium Model of the World Economy, Industry Commission, Canberra

No 5   Brown, S. 1991, NERAM: A Nominal and Effective Rates of Assistance Model for the SALTER World Trade Models, Industry Commission, Canberra

No 6   Maclaine, G. and Wear, S.L. 1990, Aggregated New Zealand Import Data by Source - Procedures Used and Data Generated, Industry Commission, Canberra

No 7   Wear, S.L. 1990, The Elasticity of Substitution Between Imports from Different Sources - Estimates for New Zealand, Industry Commission, Canberra

No 8   Hertel, T. 1991, An Independent Assessment of the SALTER General Equilibrium Model of the World Economy, Industry Commission, Canberra

No 9   Wigle, R. and Perroni, C. 1991, Suggested Revisions to the SALTER Model, Industry Commission, Canberra

No 10   Ryan, C. 1992, The SALTER Model: Construction of the European Database, Industry Commission, Canberra

No 11   Gehlar, M.J., Binkley, J.K., Hertel, T.W. 1992, Estimation of Trade Margins: An Application of the UN Bilateral Trade Data, Industry Commission, Canberra

No 12   Tormey, J. 1993, Two Small Extensions to SALTER, Industry Commission, Canberra

No 13   Tormey, J. 1992, SINTIA  A Guide to Collecting Tariff Rate Data for SALTER, Industry Commission, Canberra

No 14   Gotch, M. 1993, Industry assistance data for SALTER, Industry Commission, Canberra

No 15   Hambley, J. 1993, Early Stage Processing of International Trade and Input-Output Data for SALTER, Industry Commission, Canberra

No 16   Hanslow, K. 1993, Later Stage Processing of International Trade Data for SALTER, Industry Commission, Canberra

No 17   James, M. and McDougall, R. 1993, FIT: An Input-Output Data Update Facility for SALTER, Industry Commission, Canberra

No 18   Calder, W., McDougall, R., Strzelecki, A. 1993, Procedures for Later Stage Processing of Single-region Input-Output Data for SALTER, Industry Commission, Canberra

No 19   Brown, S., Strzelecki, A. and Watts, G. 1993, Matching Input-output Data to International Trade Data and Assembling a Salter Database, Industry Commission, Canberra

No 20   Tormey, J. 1993, Creating Synthetic Single Region Input-Output Data for SALTER: Hong Kong and the Rest of the World, Industry Commission, Canberra

No 21   McDougall, R. 1993, Incorporating International Capital Mobility into SALTER, Industry Commission, Canberra

No 22   James, M. and McDougall, R. 1993, A SALTER Database Aggregation Facility, Industry Commission, Canberra

No 23   Watts, G. 1994, A SALTER database summary, Industry Commission, Canberra

No 25   Hertel, T.W. 1992, Introducing Imperfect Competition into the SALTER Model, Report to the Industry Commission, Canberra

Jomini, P., Zeitsch, J.F., McDougall, R., Welsch, A., Brown, S., Hambley, J., and Kelly, J. 1991, SALTER: A General Equilibrium Model of the World Economy, vol. 1, Model Structure, Database and Parameters, Industry Commission, Canberra

McDougall, R., Hertel, T., Zeitsch, J.F., Welsh, A., Brown, S., Jomini, P., Kelly, J. and Hambley, J. 1991, SALTER: A General Equilibrium Model of the World Economy, vol. 2, Gains from Global trade Liberalisation: An Illustrative Application of SALTER, Industry Commission, Canberra


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