02022cas a2200241 a 4500 AALejournalIMF010594 230101c9999 xx r poo 0 0eng d 15.00 USD 9781451930535 1020-7635 BD-DhAAL BD-DhAAL International Monetary Fund. Research Dept. IMF Staff papers : Volume 28 No. 4. Washington, D.C. : International Monetary Fund, 1981. 1 online resource (184 pages) IMF Staff Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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. Mode of access: Internet IMF Staff Papers; IMF Staff Papers ; No. 1981/004 Full text available on IMF http://elibrary.imf.org/view/journals/024/1981/004/024.1981.issue-004-en.xml IMF e-Library