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Model linkage for the international coordination of economic policies

Published online by Cambridge University Press:  17 August 2016

Jean Waelbroeck  and
Mona Grinwis
Jean Waelbroeck
Affiliation:
Université Libre de Bruxelles, Université Catholique de Louvain
Mona Grinwis
Affiliation:
Vrije Universiteit te Brussel, Nationaal Fonds voor Wetenschappelijk Onderzoek
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Extract

The strengthening of the economic forces which link together the economies of different countries has been a remarkable feature of the postwar years. The main contributing factor has been the rapid increase in international trade. This has been reinforced by the resurgence of international capital flows, tied to the growth of international corporations and to the birth of the Eurobonds market. Another characteristic of recent years is that contacts between policy makers of different countries have become much more frequent than in the past, among other things because of the striking development of international organizations.

Type
Research Article
Information
Recherches Économiques de Louvain/ Louvain Economic Review , Volume 37 , Issue 3 , October 1971 , pp. 139 - 169
Copyright
Copyright © Université catholique de Louvain, Institut de recherches économiques et sociales 1971 

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References

page 139 note * These will be discussed more fully in the forthcoming volume published by members of the Link group: “International Link of National Economic Model”, ed. J. BALL, C. MORIGUCHI, P.J. VERDOORM, J. WAELBROECK, North-Holland. Also see the paper by B.G. HICMAN, L.R. KLEIN, R.R. RHOMBERG, Background, Organization, and Preliminars Results of Project Link, presented to the Second World Meeting of the Economic Society held in Cambridge, U.K., in September 1971.

(1) For the construction of which the primary responsibility lies with the Dutch Central Planning Bureau.

(2) A.P. Barten, An Import Allocation Model for the Common Market. Cahiers Economiques de Bruxelles, n° 50.

(3) We do not reproduce Barten's equations, which are given in the source cited. The corresponding Desmos equations differ only by a multiplicative constant.