Abstract
This article builds a sectoral equilibrium model of the Danish economy and uses the model to evaluate recent policy reforms. We believe that these policy reforms, with their emphasis on supply-side measures and structural adjustment, is best evaluated with a sectoral medium-term model. The model includes a detailed description of the Danish manufacturing industries. Their technology treats capital as a quasi-fixed factor which gives the model its medium-term horizon and uses a two good output function to make a distinction between the supply of domestic goods and the supply of exports.
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