Methodological Basis for Macroeconomic Projections in Countries Exposed to Pressures and Shocks: Example of Serbia

Miladin Kovačević () and Stojan Stamenković ()

Panoeconomicus, 2010, vol. 57, issue 2, 225-243

Abstract: The presented Macroeconomic Projections Model is based on a “pre-established” model for projecting the balance of payment linked with the balance of gross domestic product use. Such a model is the “authentic! one, designed by authors, i.e. based on a no theoretical concept of modelling the macroeconomic equilibrium, but it has a “heuristic” (experiential) character. The idea for designing such a model comes from the fact that theoretical models involve numerous equations that are to be solved, with numerous parameters to be estimated, including also the problem of linearity (smoothness) of longterm analytical curves, as well as the problem of an undeveloped market, a closed economy or an economy that is fragile in its relations with foreign countries, the problem of “turning” points, different internal or external shocks, etc. Key words: Macroeconomic projections, GDP deflators, Modelling, Sustainability.JEL: B41, C02, C62, E27, E61.

Keywords: Macroeconomic projections; GDP deflators; Modelling; Sustainability (search for similar items in EconPapers)
Date: 2010
References: Add references at CitEc
Citations:

Downloads: (external link)
https://panoeconomicus.org/index.php/jorunal/article/view/185/179 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:voj:journl:v:57:y:2010:i:2:p:225-243:id:185

Access Statistics for this article

Panoeconomicus is currently edited by Kosta Josifidis

More articles in Panoeconomicus from Savez ekonomista Vojvodine, Novi Sad, Serbia
Bibliographic data for series maintained by Savez ekonomista Vojvodine, Novi Sad, Serbia ().