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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INFORMATION
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1983/10/01
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Document de travail départemental
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DRD62
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1
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1
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2010/07/01
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Disclosed
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The transaction values approach to the formulation and implementation of economywide equilibrium models
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General equilibrium models
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