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Salter Working Paper Number 1

Linking CGE Country Models: An Example Using the OECD's Walrus Model by Robert McDougall is Working Paper number 1 of The SALTER Model of the World Economy: Model Structure, Database and Parameters.

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CONTENTS

1   Introduction

2   The Unlinked Version of WALRAS, as Implemented by the OECD

3   Changes Made by Commission Staff in Implementing the Unlinked Version of WALRAS

4   Development of a Linked Version of WALRAS

5   An Application of the Linked Model
5.1   Introduction
5.2   Model Closure

6   Directions for Further Work

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