Repository of macro models

This repository contains descriptions of macro-models which relate to papers published or forthcoming in Economic Modelling

LITMOD 

Title of the paper model belongs to: A Macro-Econometric Model of Lithuania LITMOD

Name and affiliation of the Authors:
Frits Møller Andersen, Risø National Laboratory, Denmark
Dmitry Celov, Lithuanian Academy of Science, Institute of Economics, Lithuania
Dorte Grinderslev, Risø National Laboratory, Denmark
Arvydas Kazlauskas, Lithuanian Ministry of Economy, Lithuania

Vol./Issue No.: 22/3

Short description of the Model (max. 150 words):

This paper presents a medium-sized macro-economic sectoral model of the Lithuanian economy using econometrics on a limited number of quarterly observations. A central element in the model is a 12-sector input/output table of the Lithuanian economy facilitating analyses of structural changes. The general formulation of equations is the error-correction-model. The paper presents a general overview of model characteristics and a few empirical results. Model properties are illustrated in a standard public consumption simulation experiment. In general, the model gives an acceptable reproduction of past changes and model properties are comparable with similar models for other countries.

Keywords: Macroeconomic Models; Econometric Modelling; Lithuania

JEL Classifications: C50; E17

Country/Continent/Region of the Model applies to: Lithuania

Linkage address of (author) web site where the model is posted:

http://www.ukmin.lt/files/Docs/moksliniu_tyr_studija/litmod2.pdf

A link to further work on the model is:

http://www.ukmin.lt/index.php/lt/Strategijosirprogramos/Moksliniu-tyr-studijos/

Disclaimer: Responsibility for the full model structures of the models in this repository rests solely with the authors.

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