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A structural policy model for the Federal Republic of Germany

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  • Gerken, Egbert
  • Gross, Martin

Abstract

In this paper we present a structural policy model of the comparative- static general equilibrium type. Our model for the Federal Republic of Germany closely resembles the Australian ORANI model (Dixon et al., 1982) which in turn has its origin in Johansen's pioneering work for Norway (Johansen, 1960). An attractive trademark of Johansen-models is that they are written as a set of structural equations which are linear in all growth rates. Exogenous and endogenous variables can be exchanged easily and solutions require no more than simple matrix operations. This makes for a highly flexible instrument of policy analysis. A consequence of linearisation, of course, is that model solutions provide only for linear approximations. However, a method has been developed to correct for the linearisation error in case of large policy changes.

Suggested Citation

  • Gerken, Egbert & Gross, Martin, 1985. "A structural policy model for the Federal Republic of Germany," Kiel Working Papers 240, Kiel Institute for the World Economy (IfW Kiel).
    • Handle: RePEc:zbw:ifwkwp:240
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    References listed on IDEAS

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    1. Gerken, Egbert & Gross, Martin & Lächler, Ulrich, 1984. "The causes and consequences of steel subsidization in Germany," Kiel Working Papers 214, Kiel Institute for the World Economy (IfW Kiel).
    2. Hanoch, Giora, 1971. "CRESH Production Functions," Econometrica, Econometric Society, vol. 39(5), pages 695-712, September.
    3. Kirkpatrick, Grant, 1984. "A continuous time cyclical growth model for the Federal Republic of Germany: Construction, estimation and analysis," Kiel Working Papers 219, Kiel Institute for the World Economy (IfW Kiel).
    4. Lächler, Ulrich, 1984. "The elasticity of substitution between imported and domestically produced goods in Germany," Kiel Working Papers 200, Kiel Institute for the World Economy (IfW Kiel).
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    1. Gerken, Egbert & Jüttemeier, Karl Heinz & Schatz, Klaus-Werner & Schmidt, Klaus-Dieter, 1985. "Mehr Arbeitsplätze durch Subventionsabbau," Kiel Discussion Papers 113/114, Kiel Institute for the World Economy (IfW Kiel).
    2. Klodt, Henning, 1986. "Statistics on labour productivity in West Germany: a guide to sources and methods," Kiel Working Papers 252, Kiel Institute for the World Economy (IfW Kiel).
    3. Siebe, Thomas, 1995. "Taxes and subsidies in a multisectoral econometric model," Economic Modelling, Elsevier, vol. 12(2), pages 193-204, April.
    4. Weiss, Frank Dietmar & Heitger, Bernhard & Jüttemeier, Karl-Heinz & Kirkpatrick, Grant & Klepper, Gernot, 1988. "Trade policy in West Germany," Open Access Publications from Kiel Institute for the World Economy 374, Kiel Institute for the World Economy (IfW Kiel).

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