COSMO is a new structural econometric model of the Irish economy, with a theoretically founded structure and specification. It is designed to be used for medium-term economic projections and policy analysis. This paper outlines the key mechanisms in the model and explores the behaviour of the...

COSMO is a new structural econometric model of the Irish economy, with a theoretically founded structure and specification. It is designed to be used for medium-term economic projections and policy analysis. This paper outlines the key mechanisms in the model and explores the behaviour of the...

Though the sustainability research community as well as international decision makers seem to share the conviction that, akin to the challenges of climate policy, a great transition will also be needed in order to decouple human wellbeing from resource use over the next decades, there exist only...

This study aims at building a macro-econometric model for the Sudan economy mainly for the sole purpose of policy analysis. The model conforms to the previous attempts in relying on the conventional income-expenditure approach. However, it differs from them in certain aspects. It covers a rather...

In recent years, the government, of African Countries has assumed major responsibilities for economic reforms and growth. In attempting to describe their economies, economists (policymakers) in many African Countries have applied certain models that are by now widely known: Linear programming...

This paper examines the determinants of economic growth of Vietnam focusing on an aggregate demand and aggregate supply with an econometric analysis. According to the regression and scenario simulation analysis, we can see that although the Vietnamese economy has achieved steady growth since Doi...

A macro econometric model of the Russian economy is developed, containing 13 estimated equations - covering major national account variables, government expenditures and revenues, interest rates, prices and the labour market. The model is tailored to analyze effects of changes in the oil price...

A macro econometric model of the Russian economy is developed, containing 13 estimated equations – covering major national account variables, government expenditures and revenues, interest rates, prices and the labour market. The model is tailored to analyze effects of changes in the oil price...

Within the transition period to a market oriented economy, Vietnam attracts foreign capitals to strengthen the supply-side economy. Especially, FDI plays a very important role to be achieving an export-led growth and contributes to the steady economic growth at 6-8% per annum. According to the...

In this paper we develop algorithms to solve macro econometric models with forward-looking variables based on Newton method for nonlinear systems of equations. The most difficult step for New-ton methods represents the resolution of a large linear system for each iteration. Thus, we compare the...

The year 2008 started in January (Jan 23, 2008) with ambitious European initiatives on climate change when the European Commission suggested a climate packages with new targets for energy from renewable sources (RES), for the design of the third phase of the emission trading system, for a...

The year 2008 started in January (Jan 23, 2008) with ambitious European initiatives on climate change when the European Commission suggested a climate packages with new targets for energy from renewable sources (RES), for the design of the third phase of the emission trading system, for a...

Market-based instruments have gradually become a significant tool of environmental policy in central European countries. By using the structural macroeconometric E3ME model the authors compare two alternative green tax based policy frameworks in the Czech Republic. While the first imposes a tax...

The year 2008 started in January (Jan 23, 2008) with ambitious European initiatives on climate change when the European Commission suggested a climate packages with new targets for energy from renewable sources (RES), for the design of the third phase of the emission trading system, for a...

Facing the challenge to adjust, the question is to what extent South African markets, specifically labour and investment markets, are flexible enough to enhance its global competitiveness, without having to revert to inward domestic protectionism. In investigating the level of flexibility in...

A macro econometric model of the Russian economy is tailored to analyze the effects of changes in the oil price and alternative fiscal policies. Model simulations indicate that the Russian economy is vulnerable to large fluctuations in the oil price, but we also find evidence of significant...

his study provides an analysis of the sources of Uzbekistan’s economic growth, the challenges and opportunities for the private sector in those sectors, and policy measures that would support the expansion of the economy. It is specifically intended to provide an analysis of the macroeconomic...

The Institute of Economic Structures Research (GWS mbH) has developed a tourism satellite account (TSA) for the Federal Republic of Germany relating to the year 2000.1 In the process of elaborating the TSA the Federal Statistical Office (as an external partner outside the GWS) has been fully...

The Institute of Economic Structures Research (GWS mbH) has developed a tourism satellite account (TSA) for the Federal Republic of Germany relating to the year 2000.1 In the process of elaborating the TSA the Federal Statistical Office (as an external partner outside the GWS) has been fully...

The Institute of Economic Structures Research (GWS mbH) has developed a tourism satellite account (TSA) for the Federal Republic of Germany relating to the year 2000.1 In the process of elaborating the TSA the Federal Statistical Office (as an external partner outside the GWS) has been fully...

Recently, steady economic growth rates have been kept in Poland and Hungary. Money supplies are growing rather rapidly in these economies. In large, exchange rates have trends of depreciation. Then, exports and prices show the steady growth rates. It can be thought that per capita GDPs are in...

The present study extends an earlier elasticities-absorption approach to the balance of payments to the analysis of the consequences of tariff reforms on the Egyptian macro-economy, particularly as it relates to fiscal revenue implications. From an analytical perspective, we use the...

In this paper we estimate a continuous time macro-econometric model of the Czech economy. The model is built as a system of twelve non-linear differential equations. We illustrate how the model can be used to determine the nominal equilibrium exchange rate of the Czech koruna in a macro-economic...

The author of this paper constructs a continuous time macro-econometric model of the Czech economy. The model is assembled as a system of twelve non-linear differential equations. The model is put into use to determine the nominal equilibrium exchange rate of the Czech koruna in a macro-economic...

In this paper we estimate a continuous time macro-econometric model of the Czech economy. The model is built as a system of twelve non-linear differential equations. We illustrate how the model can be used to determine the nominal equilibrium exchange rate of the Czech koruna in a macro-economic...