help of the Granger causality test and the Vector Auto-regression Model. It is concluded that FDI inflows are positively …

This paper indicates special aspects of using vector auto-regression models to forecast rates of basic macroeconomic … indicators in short term. In particular, traditional vector auto-regression model, Bayesian vector auto-regression model and … factor augmented vector auto-regression model are shown. For parameter estimation of these models the author uses time series …