Tytuł pozycji:
Multicountry and Regional Macroeconometric Models
- Tytuł:
-
Multicountry and Regional Macroeconometric Models
- Autorzy:
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Welfe, Władysław
- Powiązania:
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https://bibliotekanauki.pl/articles/632771.pdf
- Data publikacji:
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2012-12-01
- Wydawca:
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Uniwersytet Łódzki. Wydawnictwo Uniwersytetu Łódzkiego
- Źródło:
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Comparative Economic Research. Central and Eastern Europe; 2012, 15, 4; 293-304
1508-2008
2082-6737
- Język:
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angielski
- Prawa:
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Wszystkie prawa zastrzeżone. Swoboda użytkownika ograniczona do ustawowego zakresu dozwolonego użytku
- Dostawca treści:
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Biblioteka Nauki
-
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Multicountry models were developed in the previous century to serve the
analyses and projections of the world economy and/or its regions (for instance
Latin America). They distinguish the largest countries and the rest of the world
(ROW) composed of particular countries. Hence, their structure is based on the
specifications of equations for individual countries using full statistical
information available at the countries level.
The regional macroeconomic models are built for either administrative or
geographical units distinguished within large countries (USA, China, Russia).
Their structure should be in principle similar to those of the national economy.
However, the statistical information of the regional economies is typically
uncomplete: no sufficient information is available on exports and imports of the
region, migrations and financial flows. Appropriate approximations are
necessary. As in majority of countries the prices and wages movements are in
general unified over the country, the variables representing the national level
excerpt an impact on the regional variables. The regional impact on the national
variables is rather unusual.
The paper shows the skeleton model applied in the multicountry models
and the skeleton of the macroeconomic regional model. The specific properties
of the regional model are discussed and the possibilities of its extensions
analysed.