A Macro-econometric model for Lithuania LITMOD

Link to:
Collection:
Mokslo publikacijos / Scientific publications
Document Type:
Knyga / Book
Language:
Anglų kalba / English
Title:
A Macro-econometric model for Lithuania LITMOD
Authors:
Publication Data:
Kaunas : Pasaulio lietuvių kultūros, mokslo ir švietimo centras, 2003.
Pages:
105 p
Contents:
1. Introduction: 1.1. Structure of the Model; 1.2. Specification of Equations; 1.3. Structure of the Paper — 2. Data: 2.1. Aggregation Level; 2.2. Input-Output Table: 2.2.1. Calculation of Input-Output Coefficients — 3. Households: 3.1. Private Consumption, Theory; 3.2. Disposable Income; 3.3. Private Consumption; 3.4. Household Investments in Dwellings — 4. Governmental Finance: 4.1. Government Consumption; 4.2. Government Revenue and Balance; 4.3. Social Security Fund — 5. Investments: 5.1. Data; 5.2. Gross Domestic Investments — 6. Export — 7. Import — 8. Domestic Production, Intermediate, and GDP: 8.1. Domestic Production: 8.1.1. Import Correction; 8.1.2. Corrections between Sectors and Quarters; 8.2. Intermediate; 8.3. Gross Value Added and GDP; 8.4. Current Account and Balance of Payment — 9. Factor Demand: 9.1. Production Function and Factor Demand Equations; 9.2. Labour Demand; 9.3. Investments; 9.4. Capital Formation; 9.5. Profit; 9.6. Labour Supply — 10. Prices and Wages: 10.1. Producer Prices; 10.2. Price on Intermediate; 10.3. Price on GVA; 10.4. Consumer Price; 10.5. Price of Public Consumption; 10.6. Investment Price; 10.7. Export Price; 10.8. Import Price; 10.9. Wages —11. Model and Scenarios: 11.1. Solving the Model: 11.1.1. The Gauss-Seidel Solution Technique; 11.1.2. LITMOD; 11.2. LITMOD Ex-Post Solution; 11.3. Baseline Scenario: 11.3.1. Exogenous Variables; 11.3.2. Baseline Scenario; 11.4. Simulations: 11.4.1. Price on Import Increased by 1 %; 11.4.2. Public Consumption Increased by 1 %; 11.4.3. Export Market Increased by 1 %; 11.4.4. Interest Rate Decreased by 1 %-point; 11.4.5. VAT Rate Decreased by 1 %-point; 11.4.6. Population is Increased by 1 %; 11.5. Concluding Remarks — 12. Appendix: 12.1. List of Variables; 12.2. Input-Output Matrix; 12.3. Private Consumption, Alternative Estimations; 12.4. Calculation of World Market Variables; 12.5. Model Equations — 13. List of References.
Subject Category:
LT
Ekonominė analizė. Prognozavimas / Economic analysis. Forecasting; Vartojimas / Consumption; Eksportas. Importas / Export. Import.
Summary / Abstract:

ENThis report presents theoretical considerations and analyses of past developments related to the formulation of a macro-econometric model of the Lithuanian economy called LITMOD. In addition, a few analyses using the model for simulation of scenarios are included. The purpose of the model is to describe the structure and the short to medium-term development in Lithuanian economy, to secure internal consistency in economic analyses and to assist a structured thinking on economical development and policy issues. The work presented in the report is part of a Danish/British Energy Pre-Accession Project for the Lithuanian Ministry of Economy supported by the Danish Energy Authority and the British Department of Trade and Industry. A focus in the overall project is the development of the energy consumption. However, to obtain reliable forecasts of energy demand, reliable forecasts of the economical development in sectors are needed. The present model is a further development of the LITMOD developed within the Ministry of Economy and the Authors are very grateful for the support and kind assistance from State Secretary Gediminas Miškinis and Head of Economy Development Policy Division Arvydas Kazlauskas. The Ministry of Economy has the authority to use and distribute the present model to potential users.

ISBN:
998641833X
Subject:
Ekonomika / Economics
Permalink:
https://www.lituanistika.lt/content/114218
Updated:
2025-04-07 23:08:32
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