Incorporating international capital mobility into SALTER
SALTER working paper 21
This paper by Robert McDougall is working paper 21 for the SALTER model of the world economy.
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Incorporating international capital mobility into SALTER (1.8 MB)Contents
1 SALTER background
2 Overview of the capital mobility extension
The framework
International allocation of capital
The world stock of capital
National, household and government accounts
International allocation of investment
3 Modifications to the SALTER theoretical structure
International allocation of capital
The world capital stock
Wealth accumulation
National income
Household income
Government receipts and outlays
International allocation of investment
4 Modifications to the SALTER database
Appendix A The wealth accumulation equations
Appendix B Expected rate of change in the rate of return on capital
References
