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A Quarterly Econometric Model of the Slovenian Economy

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Author Info
Miroslav Verbic (Institute for Economic Research Ljubljana)

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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://129.3.20.41/eps/em/papers/0511/0511015.pdf
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Publisher 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
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Handle: RePEc:wpa:wuwpem:0511015

Note: Type of Document - pdf; pages: 29
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Web page: http://129.3.20.41

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

Find related papers by JEL classification:
C3 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables
C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
C52 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Evaluation and Testing

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Lucas, Robert Jr, 1976. "Econometric policy evaluation: A critique," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 1(1), pages 19-46, January. [Downloadable!] (restricted)
  2. BORIS MAJCEN & MIROSLAV VERBIC & SAŠA KNEŽEVIĆ, 2005. "The Effects of Foreign Trade Liberalisation and Financial Flows between Slovenia and the EU after Accession," Post-Communist Economies, Taylor and Francis Journals, vol. 17(2), pages 251-267, June. [Downloadable!] (restricted)
  3. Miroslav Verbic & Boris Majcen & Renger van Nieuwkoop, 2005. "Sustainability of the Slovenian Pension System: An Analysis with an Overlapping-generations General Equilibrium Model," GE, Growth, Math methods 0507010, EconWPA. [Downloadable!]
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This page was last updated on 2009-11-20.

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