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PAPA: An economy-wide general purpose computable general equilibrium model for the Brazilian economy

Guilhoto, Joaquim José Martins (1995): PAPA: An economy-wide general purpose computable general equilibrium model for the Brazilian economy.

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Abstract

In this paper the PAPA model, constructed for the Brazilian economy, is described as well as some simulations of policies made with this model. The PAPA model is a Computable General Equilibrium (CGE) model of the Johansen type and the solutions of the model are given in growth rates. This model is based on the ORANI model constructed for the Australian economy and in that sense it is a general purpose model that can be used to study the impact of different economic policies on the Brazilian economy. The model is defined for: a) 33 types of industries/commodities; b) 3 types of primary factors; c) 3 categories of labor; d) 2 sources of products (domestic, and imported); e) 5 types of product use; and, f) 3 income groups.

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