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A small-size macroeconometric model for Pakistan economy

Muhammad Hanif (), Zulfiqar Hyder (), M Amin Khan Lodhi, Mahmood ul Hassan Khan and Irem Batool
Authors registered in the RePEc Author Service: Mahmood ul Hasan Khan ()

MPRA Paper from University Library of Munich, Germany

Abstract: This paper is part of efforts to develop macroeconometric model for Pakistan (MMP). This paper is an initial attempt to develop a small size macroeconometric model to foresee the effects of monetary policy through forecasting and simulations. We present the basic structure of macroeconometric model for Pakistan. This is a small-size model comprising 17 equations, out of which 11 are behavioral equations while the rest are either identities or definitional equations. OLS method is used to estimate the behavioral equations by using annual data from FY73-FY06. We provide the estimation results and results of policy simulations to quantify the impact of shocks to various exogenous variables.

Keywords: Macroeconometric Model; Pakistan (search for similar items in EconPapers)
JEL-codes: C3 (search for similar items in EconPapers)
Date: 2008, Revised 2010
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Working Paper: A Small-size Macroeconometric Model for Pakistan Economy (2010) Downloads
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