The transaction values approach to the formulation and implementation of economywide equilibrium models (English)

The paper presents a new approach for the formulation and implementation of economywide models. The approach uses extensively Social Accounting Matrices (SAM). It starts with the observation that each entry in a SAM is the value of a transaction which is the outcome of agents, behaviors and institutional arrangements in the economy under consideration. Each entry is explicitly modeled and the institutional arrangements are explicited as rules balancing...

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Author

Drud,Arne;

Grais,Wafik;

Pyatt,Frank Graham;
Document Date
1983/10/01
Document Type
Departmental Working Paper
Report Number
DRD62
Volume No
1
Total Volume(s)
1
Country
World,
Region
Other,
Disclosure Date
2010/07/01
Disclosure Status
Disclosed
Doc Name
The transaction values approach to the formulation and implementation of economywide equilibrium models
Keywords
General equilibrium models

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Citation

Drud,Arne; Grais,Wafik; Pyatt,Frank Graham.

The transaction values approach to the formulation and implementation of economywide equilibrium models (English). Development Research Department discussion paper ; no. DRD 62 Washington, DC: World Bank. http://documents.worldbank.org/curated/en/532751468315854836

The transaction values approach to the formulation and implementation of economywide equilibrium models (English)

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