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SLOPOL1: A macroeconomic model for Slovenia

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  • Klaus Weyerstrass
  • Gottfried Haber
  • Reinhard Neck

Abstract

This paper presents the specification and estimation of SLOPOL1 (Slovenian Economic Policy Model, Version 1), a macroeconometric model for Slovenia. Since Slovenia became an independent state in 1991, the available time series are very short and unreliable. In order to increase the degrees of freedom, quarterly data are used. The model contains behavioral equations for factor demand, potential gross domestic product, imports, the wage-price system, private consumption and labor supply of households, money and foreign exchange markets, and the public sector. Due to data constraints, the supply side and household consumption have not been further disaggregated. The capability of the model to reproduce the behavior of the endogenous variables in an ex post simulation can be regarded as satisfactory. Copyright International Atlantic Economic Society 2001

Suggested Citation

  • Klaus Weyerstrass & Gottfried Haber & Reinhard Neck, 2001. "SLOPOL1: A macroeconomic model for Slovenia," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 7(1), pages 20-37, February.
    • Handle: RePEc:kap:iaecre:v:7:y:2001:i:1:p:20-37:10.1007/bf02296589
    DOI: 10.1007/BF02296589
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    Citations

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    Cited by:

    1. Klaus Weyerstrass & Reinhard Neck, 2008. "Macroeconomic effects of Slovenia’s integration in the Euro Area," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 35(4), pages 391-403, September.
    2. Michael Getzner & Serhiy Moroz, 2022. "The economic development of regions in Ukraine: with tests on the territorial capital approach," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 49(1), pages 225-251, February.
    3. Jaanika Meriküll, 2004. "Macroeconometric Modelling of the Estonian Economy," University of Tartu - Faculty of Economics and Business Administration, in: Tiiu Paas & Egle Tafenau (ed.), Modelling the Economies of the Baltic Sea Region, edition 1, volume 17, chapter 5, pages 138-166, Faculty of Economics and Business Administration, University of Tartu (Estonia).
    4. Klaus Weyerstrass & Daniela Grozea-Helmenstein, 2013. "A Macroeconometric Model for Serbia," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 19(2), pages 85-106, May.
    5. Mikuláš Luptáčik & Viliam Páleník & Vladimír Kvetan & Ján Ďuraš & Jana Hrivnáková & Peter Ondko, 2006. "Formalizovaný model tranzitívnej ekonomiky - prípad SR [Formal model of economy in transition - case of Slovak republic]," Politická ekonomie, Prague University of Economics and Business, vol. 2006(2), pages 227-246.
    6. Klaus Weyerstrass & Reinhard Neck, 2007. "A New EU Member Country on the Road to the Euro Area: Monetary and Fiscal Policies for Slovenia," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 35(4), pages 431-449, December.
    7. Weyerstrass, Klaus, 2008. "Economic policies on Slovenia's road to the euro area," Economic Systems, Elsevier, vol. 32(1), pages 92-102, March.
    8. Reinhard Neck & Gottfried Haber & Klaus Weyerstrass, 2010. "Optimal Deterministic and Stochastic Macroeconomic Policies for Slovenia: An Application of the OPTCON Algorithm," Computational Economics, Springer;Society for Computational Economics, vol. 36(1), pages 37-45, June.

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