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Introduction to the Macroeconomic Structure of Yemen

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  • Mohamed, Issam A.W.

Abstract

In countries where tools of economic control are immature and disabled due to totalitarian systems, macroeconomic analyses for aggregate quantities and relationships, such as total consumption, investment, and government expenditures represents a difficult task. The practice of aggregation distinguishes this field of microeconomics and has advantages but also creates problems, a brief survey of these problems is required now, although a deeper appreciation of these must await the critical attitudes that can only develop with more exposure to entire subject. One difficulty is the complex area known as the aggregation problem, the classifying of widely varying goods or activities into one general category, which is treated as a homogeneous variable. The political, social and military fate of nations depends greatly upon economic success, and no area of economics is today more vital to nation’s success than its macroeconomic performance. Countries like Japan which has grown rapidly by wining export markets for its products, enjoy enhanced political power and higher living standards. A country’s living standards depend crucially upon its macroeconomic policies.

Suggested Citation

  • Mohamed, Issam A.W., 2011. "Introduction to the Macroeconomic Structure of Yemen," MPRA Paper 31782, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:31782
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    File URL: https://mpra.ub.uni-muenchen.de/31782/1/MPRA_paper_31782.pdf
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    References listed on IDEAS

    as
    1. Jesús Fernández-Villaverde & Juan F. Rubio-Ramírez, 2007. "Estimating Macroeconomic Models: A Likelihood Approach," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 74(4), pages 1059-1087.
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    More about this item

    Keywords

    Yemen; Macroeconomics; Money Supply; Demand;
    All these keywords.

    JEL classification:

    • R1 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics
    • A1 - General Economics and Teaching - - General Economics
    • C0 - Mathematical and Quantitative Methods - - General
    • C5 - Mathematical and Quantitative Methods - - Econometric Modeling
    • C46 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Specific Distributions
    • R15 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Econometric and Input-Output Models; Other Methods
    • A10 - General Economics and Teaching - - General Economics - - - General
    • C1 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General
    • C4 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics
    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • C3 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables
    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • A19 - General Economics and Teaching - - General Economics - - - Other
    • C01 - Mathematical and Quantitative Methods - - General - - - Econometrics

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