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Macroeconometric Models pp 203–240Cite as

The Macroeconometric Models of the Rest of the World Countries

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Part of the book series: Advanced Studies in Theoretical and Applied Econometrics ((ASTA,volume 47))

Abstract

Macroeconometric modelling activities spread all over the world. They were most intensive in Japan since the 60s at the government administration, universities and large corporations. Their activities influenced the development of macro-modelling in the Far East: in Philippines, Indonesia, South Korea, Taiwan Province and in Thailand, being also positively affected by the Project LINK. In New Zealand the Reserve Bank constructed since 70s quarterly models, whereas in Australia the large CGE model was built. The modelling activities were developed in China initially supply determined, then demand oriented and in India, Pakistan and Sri Lanka. The models for Mediterranean countries were built as result of cooperation with the University of Łódź, Poland—that were models for Alger, Egypt, Iraq, Iran, Lybia and Kuwait.

Many models were constructed for Africa countries in the 90s, having predecessors in the small UNCTAD models built in the late 60s. To be mentioned models of Ghana, Botswana, Kenya, Malawi, Nigeria, South Africa, Togo. A summery of developments in Latin America closes the chapter.

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  1. Institute of Econometrics, University of Łódź, Rewolucji 1905 r. 41, Łódź, 90-214, Poland

    Władysław Welfe

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Welfe, W. (2013). The Macroeconometric Models of the Rest of the World Countries. In: Macroeconometric Models. Advanced Studies in Theoretical and Applied Econometrics, vol 47. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-34468-8_11

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