A Small Macroeconometric Model of the Philippine Economy
Author | : Geoffrey Ducanes |
Publisher | : |
Total Pages | : 70 |
Release | : 2005 |
ISBN-10 | : UCSD:31822030184758 |
ISBN-13 | : |
Rating | : 4/5 (58 Downloads) |
Download or read book A Small Macroeconometric Model of the Philippine Economy written by Geoffrey Ducanes and published by . This book was released on 2005 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt: Two reports issued by the Asian Dev't. Bank: (1) Describes a small quarterly macroeconometric model of the Philippine (PH) economy. The model consists of sectors of private consumption, invest., gov't., trade, production, prices, money, & labor. The tracking perform. of the model is evaluated & found satisfactory. The PH gov't. must address its debt problem for it to achieve higher future growth. It is highly vulnerable to external shocks. (2) Assesses empirically the sustainability & feasibility of the gov't. debt in the PH using the No Ponzi Game criterion. Both historical data & forecasts generated by a quarterly macroecon. model of the Philippines are used in the assessment. Stochastic simulations are carried out to mimic future uncertainty. Illus.