OECD Economics Department Working Papers
The views expressed in these papers are those of the author(s) and do not necessarily reflect those of the OECD or of the governments of its member countries.
- ISSN: 18151973 (online)
- https://doi.org/10.1787/18151973
Walras - A Multi-Sector, Multi-Country Applied General Equilibrium Model for Quantifying the Economy-Wide Effects of Agricultural Policies
A Technical Manual
This paper presents a technical description of the OECD's multi-sector, multi-country applied general equilibrium model -- the WALRAS model. This model has been developed with the explicit objective of quantifying the economy-wide effects of agricultural policies in OECD countries. The common specification of the model for the major OECD agricultural trading countries/regions (Australia, Canada, EEC, Japan, New Zealand and the United States) is presented in detail. The construction of the benchmark data sets and the calibration of the model are also fully described ...
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