Linking regional models in WALRAS
SALTER working paper 2
This paper by Robert McDougall is working paper 2 for the SALTER model of the world economy.
Download this paper
Contents
1 Introduction
2 Choice of Specification
2.1 Import Demands
2.2 Export Supplies
2.3 The Treatment of the Rest of the World
3 Structure of the Inter-Regional Linking Extension to WALRAS
3.1 Introduction
3.2 Demands for Inputs into Current Production
3.3 Investment Demand
3.4 Consumer Demand
3.5 Export Demand
3.6 Government Demand
3.7 Change in Stocks
3.8 Demand for Imports by the Rest of the World
3.9 The Price System
3.10 The Market-Clearing Equations
3.11 Miscellaneous Equations and Macro Identities
4 The Linearised Inter-Regional Linking Extension
5 Model Closure
References
