Revision of an Econometric Model for Slovakia

Michal Bencik

No 38, East European Series from Institute for Advanced Studies

Abstract: In the first part the original version of a demand-oriented model of a country in transition is briefly presented. It consists of a demand block, an income block and a monetary block. The second part is concerned about the innovations, made in this version. Most important is the attempt to reflect the structural change by means of a generalized production function in intensive form. After characterizing the model, the author turns to policy evaluation. The model implies that investment crowds out labor quite strongly. Thus, the use of government transfers for labor beside transfers for investment is considered and some equations are modified. A "direct" and a grid search for optimal policy are presented. Finally, the results for practical decision making are summarized, finding transfers for labor efficient in fighting unemployment and ensuring output growth.

Keywords: Econometric Model; Labor Productivity; Fiscal Policy (search for similar items in EconPapers)
JEL-codes: E17 (search for similar items in EconPapers)
Pages: 24 pages
Date: 1996-09
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.ihs.ac.at/publications/eco/east/ro-38.pdf First version, 1996 (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://www.ihs.ac.at/publications/eco/east/ro-38.pdf [301 Moved Permanently]--> https://www.ihs.ac.at/publications/eco/east/ro-38.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:ihs:ihsrop:38

Ordering information: This working paper can be ordered from
Institute for Advanced Studies - Library, Josefstädterstr. 39, A-1080 Vienna, Austria

Access Statistics for this paper

More papers in East European Series from Institute for Advanced Studies Josefstädterstr. 39, A-1080 Vienna, Austria. Contact information at EDIRC.
Bibliographic data for series maintained by Doris Szoncsitz ().