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SHORT RUN MACROECONOMETRIC MODEL OF THE GREEK ECONOMY, 1956-1969

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Date Issued:
1973
Summary:
Tho basis of this study is a macroeconometric model of Greece that consists of fifteen equations estimated by ordinary least squares methods from annual data and five definitional aggregates. The model is designed primarily to explain the behavior of the Greek economy from 1953, but it also has value for short run forecasting. A unique feature is the emphasis given to the interplay of imports, investment and exports. The stability test indicates a stable model with a damped oscillation of a twenty-five period cycle. The predictive ability tests were very favorable and the Durbin-Watson tests indicated low auto-correlation. Future forecasts were made with the use of trend estimated values for the exogenous variables. Finally, the analysis of multipliers was used to evaluate the policy implications of the model.
Title: A SHORT RUN MACROECONOMETRIC MODEL OF THE GREEK ECONOMY, 1956-1969.
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Name(s): TSOUBLEKAS, GEORGE BASIL.
Florida Atlantic University, Degree grantor
Scheidell, John M., Thesis advisor
College of Business
Department of Economics
Type of Resource: text
Genre: Electronic Thesis Or Dissertation
Issuance: monographic
Date Issued: 1973
Publisher: Florida Atlantic University
Place of Publication: Boca Raton, Fla.
Physical Form: application/pdf
Extent: 133 p.
Language(s): English
Summary: Tho basis of this study is a macroeconometric model of Greece that consists of fifteen equations estimated by ordinary least squares methods from annual data and five definitional aggregates. The model is designed primarily to explain the behavior of the Greek economy from 1953, but it also has value for short run forecasting. A unique feature is the emphasis given to the interplay of imports, investment and exports. The stability test indicates a stable model with a damped oscillation of a twenty-five period cycle. The predictive ability tests were very favorable and the Durbin-Watson tests indicated low auto-correlation. Future forecasts were made with the use of trend estimated values for the exogenous variables. Finally, the analysis of multipliers was used to evaluate the policy implications of the model.
Identifier: 13596 (digitool), FADT13596 (IID), fau:10437 (fedora)
Collection: FAU Electronic Theses and Dissertations Collection
Note(s): College of Business
Thesis (M.A.)--Florida Atlantic University, 1973.
Subject(s): Macroeconomics--Mathematical models
Greece--Economic policy--Mathematical models
Greece--Economic conditions--Mathematical models
Held by: Florida Atlantic University Libraries
Persistent Link to This Record: http://purl.flvc.org/fcla/dt/13596
Sublocation: Digital Library
Use and Reproduction: Copyright © is held by the author, with permission granted to Florida Atlantic University to digitize, archive and distribute this item for non-profit research and educational purposes. Any reuse of this item in excess of fair use or other copyright exemptions requires permission of the copyright holder.
Use and Reproduction: http://rightsstatements.org/vocab/InC/1.0/
Host Institution: FAU
Is Part of Series: Florida Atlantic University Digital Library Collections.