A Top-down Econometric Model for a Philippine Region

Rolando Danao
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Rolando Danao: School of Economics, University of the Philippines Diliman

No 199007, UP School of Economics Discussion Papers from University of the Philippines School of Economics

Abstract: This paper demonstrates the feasibility of constructing a supply-determined top-down econometric model for a Philippine region. The specification, estimation, historical simulation, and ex-post forecast of the model for Region 7 (Central Visayas) are presented. The simulations show that the model tracks the sample period and ex-post values fairly well. The model could serve as a prototype for the other regions. The regional models could form a system of satellite models that could be linked to a national model and could be used to determine regional forecasts consistent with a national forecast.

Date: 1990-06
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Published as UPSE Discussion Paper No. 1990-07, June 1990

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Persistent link: https://EconPapers.repec.org/RePEc:phs:dpaper:199007

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