Abstract
The OECD economy is modelled in detail: the demand and the supply side are made explicit in an imperfectly competitive framework. The description of the LDC region is based on an aggregate demand function; however the evolution of the LDC foreign debt over time, which contributes to the performance of the international financial market and the endogenization of the primary commodity market, enhance the representativeness of the Southern block.
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© 1999 Annalisa Cristini
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Cristini, A. (1999). Details of the Model. In: Unemployment and Primary Commodity Prices. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-14972-8_3
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DOI: https://doi.org/10.1007/978-1-349-14972-8_3
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-14974-2
Online ISBN: 978-1-349-14972-8
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)