Research Catalog

Title

Aggregate Supply in INTERLINK [electronic resource]: Model Specification and Empirical Results / John Helliwell ... [et al]

Publication

Paris : OECD Publishing, 1985.

Details

Additional Authors

• Helliwell, John.
• Sturm, Peter.
• Jarrett, Peter.
• Salou, Gérard.

Description

65 p.; 21 x 29.7cm.

Summary

This paper describes modifications to, and further developments of, the supply block in the Secretariat's INTERLINK world model as of the autumn of 1985. The objective of the work was to strengthen the role of supply side elements, in particular profitability, in the model. In the process, stockbuilding was endogenised, assigning to inventories an important buffer role between sales and output in the dynamic adjustment process. Price formation has been linked more coherently to the revised supply structure via a dual cost function, and labour supply has been endogenised.The equations described in this paper have been incorporated in the latest version of INTERLINK, the simulation properties of which will be described in a separate forthcoming working paper, "The Structure and Simulation Properties of the OECD INTERLINK Model: An Overview" ...

Series Statement

OECD Economics Department Working Papers, 1815-1973 ; no.26

Uniform Title

OECD Economics Department Working Papers, no.26.

Subject

Economics

LCCN

10.1787/080723842221

OCLC

oecd-lib-002910

Title

Aggregate Supply in INTERLINK [electronic resource]: Model Specification and Empirical Results / John Helliwell ... [et al]

Imprint

Paris : OECD Publishing, 1985.

Series

OECD Economics Department Working Papers, 1815-1973 ; no.26

OECD Economics Department Working Papers, 1815-1973 ; no.26.

Connect to:

http://dx.doi.org/10.1787/080723842221

Indexed Term

Economics

Added Author

Helliwell, John.

Sturm, Peter.

Jarrett, Peter.

Salou, Gérard.

Other Standard Identifier

10.1787/080723842221 doi