UID:
almafu_9958081199002883
Format:
1 online resource (184 pages)
ISBN:
9781463989606
,
1463989601
,
9781475500202
,
1475500203
Series Statement:
IMF Staff Papers
Content:
This paper constructs a general-equilibrium model of an open economy and to develop a computational technique for deriving a market-clearing solution to the model. The model will allow for disaggregated commodities, taxes, and tariffs, so that the individual parameter changes that are often considered by a government may be examined. The model includes a government that is an active participant in the economy as a producer of public goods and that may influence the rate of savings by its actions. Private firms are assumed to have linear technologies in intermediate and final goods, but have the possibility for substitution among the scarce factors that enter their value added, and are assumed to maximize profits at given market prices subject to taxes on profits, defined as returns to capital. It is the normal procedure in work on general-equilibrium models to deal separately with the supply and demand sides of the economy in question, and to then construct excess demand functions.
Note:
Bibliographic Level Mode of Issuance: Monograph
,
English
Additional Edition:
ISBN 9781451930535
Additional Edition:
ISBN 1451930534
Additional Edition:
ISBN 9781475501247
Additional Edition:
ISBN 1475501242
Language:
English
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