Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
9548614 | Economic Modelling | 2005 | 13 Pages |
Abstract
This paper presents a medium-sized macro-economic sectoral model of the Lithuanian economy using econometrics on a limited number of quarterly observations. A central element in the model is a 12-sector input/output table of the Lithuanian economy facilitating analyses of structural changes. The general formulation of equations is the error correction model. The paper presents a general overview of model characteristics and a few empirical results. Model properties are illustrated in a standard public consumption simulation experiment. In general, the model gives an acceptable reproduction of past changes and model properties are comparable with similar models for other countries.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Frits Møller Andersen, Dmitry Celov, Dorte Grinderslev, Arvydas Kazlauskas,