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An Annual Macroeconometric Model of the Philippines

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  • Carlos C. Bautista

Abstract

This paper presents the estimation and dynamic historical simulation results of a demand-driven macro model of the Philippines. The model covers the period 1967 to 1988 using annual data. The model has four main parts. A core model describes the real behavior of the economy while three sub-blocks represent the balance of payments (BOP), the government and the monetary accounts. The IS-LM framework is modified to include the portfolio balance approach to exchange rate determination. The first section makes an introduction. The second section gives a rough sketch of the main theoretical basis of the model. The last section shows the estimation and historical simulation results and the simulation statistics.

Suggested Citation

  • Carlos C. Bautista, 1989. "An Annual Macroeconometric Model of the Philippines," UP School of Economics Discussion Papers 198919, University of the Philippines School of Economics.
  • Handle: RePEc:phs:dpaper:198919
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