A macroeconometric modelling framework for the EU periphery

A macroeconometric modelling framework for the EU periphery

The need to analyze the effects of EU regional policy required the construction of new models with an orientation toward the problems being experienced in the periphery. The justification for, and nature of, the new modeling framework are explained, giving a brief overview of the economies of the 4...

Full description

Saved in:
Bibliographic Details
Published in:Economic modelling Vol. 12; no. 3; p. 221
Main Authors: Bradley, John, Modesto, Leonor, Sosvilla-Rivero, Simon
Format: Journal Article
Language:English
Published: Amsterdam Elsevier Science Ltd 01-07-1995
Subjects:
Econometrics
Economic models
Macroeconomics
Studies
Europe
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:The need to analyze the effects of EU regional policy required the construction of new models with an orientation toward the problems being experienced in the periphery. The justification for, and nature of, the new modeling framework are explained, giving a brief overview of the economies of the 4 objective countries, focusing on issues that are particularly relevant to the targets of regional policy. The implications of the stylized facts for model design in the periphery are explored. The main common features of the HERMIN modeling approach are summarized, and where key choices need to be made in the light of national specificities are illustrated.
ISSN:0264-9993
1873-6122