Measuring the Effects of Macroeconomic Policy in an Industry Econometric Model

1998 ◽  
pp. 122-149
Author(s):  
John Randolph Norsworthy ◽  
Diana H. Tsai
Keyword(s):  
Econometric Model ◽  
Macroeconomic Policy

Exogenous Shocks and Macroeconomic Policy Analysis using Applied Macro-Econometric Models in Africa

2016 ◽  
pp. 74-129
Author(s):  
Alemayehu Geda ◽  
Fredrik Huizinga ◽  
Addis Yimer
Keyword(s):  
Policy Analysis ◽  
Econometric Model ◽  
Macroeconomic Policy ◽  
Econometric Models ◽  
Policy Makers ◽  
Exogenous Shocks ◽  
The Core ◽  
Fiscal Balance ◽  
Ministry Of Finance ◽  
Empirical Framework

In this study we have developed a macro-econometric model for a typical supply constrained African economy. This is aimed at developing a theoretical and empirical template for such policy tools which are increasingly demanded in Africa. We have concretized it by building a macro-econometric model for Rwanda. The Rwanda macro-econometric model has 107 equations of which 72 are endogenous. In addition, a supplementary ARIMA based model with 33 equations for exogenous variable is built to make the model useful for forecasting. The fiscal, balance of payment and money supply block of the model is fairly disaggregated to offer an adequate picture of the macro economy. An econometric estimation of the core behavioral equations of the model using equilibrium [error]-correction approach is made with the database that stretches from 1960 to 2009. The model is similar to successful macro models in the region such as that of the KIPPRA-Treasury model of Kenya. It can also easily be further extended to the support budgeting, forecasting and macroeconomic policy analysis work at the relevant ministries in Africa such as the Ministry of Finance in Rwanda. We have managed to successfully solve the model from 1999 to 2009 and forecast major macro outcomes from 2010 to 2014. We have also used it to conduct a policy simulation exercise which is very important for policy makers such as those in Rwanda. We hope this model offers a theoretical and empirical framework for building macro model across Africa which is increasingly being demanded in many countries.

scholarly journals DAMPAK KEBIJAKAN MAKROEKONOMI TERHADAP KINERJA SUB SEKTOR PERIKANAN DI INDONESIA: SUATU PENDEKATAN EKONOMETRIKA

2017 ◽  
Vol 2 (1) ◽  
pp. 47
Author(s):  
Asnawi Asnawi
Keyword(s):  
Exchange Rate ◽  
Interest Rate ◽  
Economic Crisis ◽  
Impact Analysis ◽  
Econometric Model ◽  
Macroeconomic Policy ◽  
Simultaneous Equations ◽  
Macroeconomic Policies ◽  
The Impact ◽  
Simultaneous Equations System

Penelitian ini bertujuan untuk menganalisis dampak kebijakan makroekonomi terhadap kinerja sub sektor perikanan. Model ekonometrika yang dibangun sebagai sistem persamaan simultan yang memasukan variabel kebijakan makroekonomi. Analisis dampak dibedakan dalam 3 (tiga) periode, yaitu sebelum krisis ekonomi periode 1993-1996, pada krisis ekonomi periode 1997-2000 dan pada peramalan periode 2003-2007. Hasil penelitian menunjukkan bahwa kebijakan makroekonomi: (1) depresiasi nilai tukar rupiah, (2) peningkatan kredit di sub sektor perikanan, (3) peningkatan investasi di sub sektor perikanan, (4) kombinasi penurunan tingkat suku bunga dan peningkatan kredit di sub sektor perikanan, dan (5) kombinasi kebijakan 1, 3 dan 4 pada peramalan periode 2003-2007 dapat meningkatkan kinerja sub sektor perikanan (produksi, konsumsi dan ekspor perikanan meningkat). Depresiasi nilai tukar rupiah, peningkatan kredit atau investasi di sub sektor perikanan (kebijakan tunggal) dapat meningkatkan kinerja sub sektor perikanan. Kinerja sub sektor perikanan akan meningkat lebih tinggi apabila dilakukan kombinasi kebijakan yang dapat menurunkan tingkat suku bunga, peningkatan kredit dan investasi di sub sektor perikanan pada kondisi depresiasi nilai tukar rupiah. Tittle:  Impacts of Macroeconomic Policy on The Performance of Fisheries Sector in Indonesia: An Econometrics ApproachThis research was intended to analyze the impact of macroeconomic policy on the performance of the fisheries sector. The Econometric model was built in terms of simultaneous equations system, which include macroeconomic policy variables. The impact analysis was elaborated into three periods, i.e. the period before the economic crisis (1993-1996), the period of economic crisis (1997-2000), and the forecasting period (2003-2007). The results of the macroeconomic policies of: (1) depreciation in exchange rate of rupiah, (2) the increasing of credit in fisheries sector, (3) the increasing of investment in fisheries sector, (4) the combination of the decreasing of interest rate and the increasing of credit in fisheries sector, and (5) the policy combination 1, 3 and 4 for the forecasting period 2003-2007 could increase the performance of fisheries sector in terms of production, consumption and fisheries export. The depreciation in exchange rate of rupiah, the increasing of credit or investment in fisheries sector (single policy) could increase the performance of fisheries sector. The performance of fisheries sector will be keep increasing by combining policies of: decreasing of interest rate, increasing of credit in fisheries sector and increasing of investment in fisheries sector at condition depreciations in exchange rate of rupiah.

The Reform of Macroeconomic Policy

2000 ◽  
Author(s):  
J. O. N. Perkins
Keyword(s):  
Macroeconomic Policy

Capitalising upon Globalisation

2018 ◽  
Author(s):  
David M. Webber
Keyword(s):  
Political Economy ◽  
Foreign Policy ◽  
International Development ◽  
Macroeconomic Policy ◽  
Domestic Policy ◽  
Policy Decisions ◽  
Gordon Brown ◽  
Development Policies ◽  
At Home

Having mapped out in the previous chapter, New Labour’s often contradictory and even ‘politically-convenient’ understanding of globalisation, chapter 3 offers analysis of three key areas of domestic policy that Gordon Brown would later transpose to the realm of international development: (i) macroeconomic policy, (ii) business, and (iii) welfare. Since, according to Brown at least, globalisation had resulted in a blurring of the previously distinct spheres of domestic and foreign policy, it made sense for those strategies and policy decisions designed for consumption at home to be transposed abroad. The focus of this chapter is the design of these three areas of domestic policy; the unmistakeable imprint of Brown in these areas and their place in building of New Labour’s political economy. Strikingly, Brown’s hand in these policies and the themes that underpinned them would again reappear in the international development policies explored in much greater detail later in the book.

A Simple Inter-Industry Model of Pakistan, with an Application to Pakistan's Sixth Five-Year Plan

1985 ◽  
Vol 24 (3-4) ◽  
pp. 531-550 ◽  
Author(s):  
Suleiman I. Cohen ◽  
Ivo C. Havinga ◽  
Mohammad Saleem
Keyword(s):  
Econometric Model ◽  
Social Accounting Matrix ◽  
Social Activities ◽  
Input Output ◽  
Social Accounting ◽  
Output Table ◽  
The Social ◽  
Market Relations ◽  
Industry Relations ◽  
Current Modelling

The macro-econometric model of Pakistan's economy by Naqvi et al. (3) is the first completed work in a renewed effort to model significant economic and social activities and issues in Pakistan. One of the current modelling efforts in which the authors are participating aims at combining elements from the macro-econometric model, inter-industry relations, factor market relations, and social accounting frameworks. This effort is now made possible by the compilation of the relevant statistics relating to an input-output table and the social accounting matrix ....................................................................................................

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