WAYANG: a general equilibrium model adapted for the Indonesian economy

Abstract

This paper is an adaptation to the WAYANG model of Indonesia of the ORANIG course paper authored by Horridge, Parmenter and Pearson. WAYANG is based partly on an earlier version of WAYANG documented by Peter Warr and associates, and uses the database devised by them, and partly on ORANI-G. The description of the model's equations and database is closely integrated with an explanation of how the model is solved using the GEMPACK system. The main adaptations in WAYANG include a treatment of primary factor resource allocation specific for a less developed, strongly agrarian economy in the shortto mediumterm. The linear expenditure system of household demands covers ten different households. The consumption function ties household consumption to income earned by household factors. In addition, the model includes a top-down regional extension and a fiscal extension. 1 Based on the template authored by J.M. Horridge, B.R. Parmenter and K.R. Pearson (Centre of Policy Studies and Impact Project, Monash University), ORANI-G: A General Equilibrium Model of the Australian Economy, prepared for an ORANI -G course at Monash University, June 29 – July 3 1998.

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