Lejour, et. al.: WorldScan-the coreversion

Lejour, A., N. van Leeuwen, T. Manders, G. van Steen, H. Timmer and G. Verweij. (1999). WorldScan—the core version.

This publication is an overview of the core of the Worldscan model.

The paper begins by examining the benefits of long-run scenarios vis-à-vis policy analysis and decision making. Worldscan is an applied general equilibrium (AGE) model: “It builds upon neoclassical theory, has strong micro-foundations and explicitly determines simultaneous equilibrium on a large number of markets” (2-3).

The whole article is quite readable, and provides a thorough account of the factors that make up the model more broadly. A summary would be difficult.