Economics at your fingertips  

Solving Applied General Equilibrium Models Represented as a Mixture of Linearized and Levels Equations

W Jill Harrison, Ken Pearson, Alan Powell and John E. Small

Computational Economics, 1994, vol. 7, issue 3, 203-23

Abstract: General equilibrium models are usually represented as a system of levels equations (e.g., in North America) or a system of linearized equations (e.g., in Australia). Either representation can be used to obtain accurate solutions. General-purpose software is available in both cases--GAMS or MPS/GE is typically used by levels modellers and GEMPACK by linearizers. Some equations (notably accounting identities) are naturally expressed in the levels while others (especially behavioural equations) are naturally expressed in a linearized form. This paper describes the new GEMPACK facility for solving models represented as a mixture of levels and linearized equations and discusses the advantages to modellers of using such a representation. Coauthors are K. R. Pearson, Alan A. Powell and E. John Small. Citation Copyright 1994 by Kluwer Academic Publishers.

Date: 1994
References: Add references at CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Working Paper: Solving Applied General Equilibrium Models Represented as a Mixture of Linearized and Levels Equation (1993) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Ordering information: This journal article can be ordered from
http://www.springer. ... ry/journal/10614/PS2

Access Statistics for this article

Computational Economics is currently edited by Hans Amman

More articles in Computational Economics from Springer, Society for Computational Economics Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().

Page updated 2021-10-19
Handle: RePEc:kap:compec:v:7:y:1994:i:3:p:203-23