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A Quarterly Econometric Model of the Slovenian Economy

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  • Miroslav Verbic

    (Institute for Economic Research Ljubljana)

Abstract

The article represents a construction of a quarterly econometric model of the Slovenian economy and an analysis of fundamental relationships of the Slovenian economy. For this purpose we formed a system of identities, consistent with the national accounts, and of stochastic equations, consistent with economic theory as well as institutional and constitutional characteristics of the Slovenian economy. The present econometric model of the Slovenian economy SIQM 2.1 consists of 97 equations and covers the period of 1997:1 – 2003:4. Adequacy of the model, i.e. its ability to reproduce the actual economic developments in the period under investigation, was verified by performing dynamic simulations. It was established that the results are econometrically satisfactory and in part even quite favourable.

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File URL: http://128.118.178.162/eps/em/papers/0511/0511015.pdf
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Bibliographic Info

Paper provided by EconWPA in its series Econometrics with number 0511015.

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Length: 29 pages
Date of creation: 20 Nov 2005
Date of revision:
Handle: RePEc:wpa:wuwpem:0511015

Note: Type of Document - pdf; pages: 29
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Web page: http://128.118.178.162

Related research

Keywords: economic transformation; model construction and estimation; model evaluation and testing; simultaneous equation models; Slovenia;

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  1. Boris Majcen & Miroslav Verbic & Sasa Knezevic, 2005. "The Effects of Foreign Trade Liberalisation and Financial Flows between Slovenia and the EU after Accession," Post-Communist Economies, Taylor & Francis Journals, vol. 17(2), pages 251-267.
  2. Lucas, Robert Jr, 1976. "Econometric policy evaluation: A critique," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 1(1), pages 19-46, January.
  3. Miroslav Verbič & Boris Majcen & Renger Van Nieuwkoop, 2006. "Sustainability of the Slovenian Pension System: An Analysis with an Overlapping-Generations General Equilibrium Model," Eastern European Economics, M.E. Sharpe, Inc., vol. 44(4), pages 60-81, August.
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