Model scope and methods - IMACLIM-India

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Alert-warning.png Note: The documentation of IMACLIM-India is 'in preparation' and is not yet 'published'!

Model Documentation - IMACLIM-India

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Model information
Model link
Institution Indian Institute of Management Lucknow (IIML), India,, Indian Institute of Management Ahmedabad (IIMA), India,
Solution concept General equilibrium (closed economy)
Solution method Optimization

IMACLIM-IND operates in a comparative-static framework as a system of simultaneous non-linear equations:

With  a set of  variables,  a set of  parameters and  a set of  functions, for some of them linear, for some of them non-linear. The values of some variables at calibration year constitute a specific subset of parameters, which we systematically note as the variables with a  index. The  functions embody constraints of either an accounting nature or a behavioral nature. The accounting constraints impose themselves on the modeler for the sake of consistency. The behavioral constraints, quite distinctively, convey the modeler’s views on economic causalities and correlations.