SFB 303 Discussion Paper No. B - 19
Author: Krelle, Wilhelm
Title: The First Approximation of the World Model
Abstract: Since it will take more time to implement the World Model as suggested in "The World Model in Detail",
2nd version, May 1985, it is necessary to get a preliminary version of the model running as soon as possible.
This requires a certain order of the work and a certain simplification which will be corrected later.
The first
approximation of the World Model consists of the real parts of the model with only those monetary parts which
are indispensable for the functioning of the real part. The sectoral breakdown is only considered as to the
domestic production of the countries, not with respect to exports and imports. This simplified world model
should be tried out first. After it is running, the other parts of the original research plan will be implemented. In
this paper this simplified model is presented.
Keywords:
JEL-Classification-Number:
Creation-Date: 1985
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