An Independent Assessment of the SALTER General Equilibrium Model of the World Economy
Salter Working Paper Number 8
An Independent Assessment of the SALTER General Equilibrium Model of the World Economy by Thomas Hertel is Working Paper number 8 in the development of The SALTER Model of the World Economy.
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workingpaper08.pdf ( 1.1 MB)Contents
I Overview and Purpose of the Review
II Overall Contribution of the Work
III Review of Model Structure - Broad Issues
A Model Coverage
B Preferences
C Technology
D Behavioural Assumptions
E Factor Mobility
F Model Closure
G Treatment of Policy Interventions
IV Data Base - General Comments
V Overall Assessment
References
Appendix Notes on Introducing Product Differentiation by Firm and Monopolistic Competition into the SALTER Model
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