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The Effect of Economic and Social Resources in Some Countries in Transition for 2000: A Static Econometric Model

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  • Aleksandar Dimitrov

Abstract

This paper presents the utilization of some 31 indicators of the economic and social development of some 45 countries, taken from the World Bank yearly publication World Development Indicators: WDI' 2002, to create the static econometric model EM' 2000, featuring 10 equations, 10 endogenous as well as 21 exogenous variables. An assessment of the endogenous variables of 14 Central and East European countries, including Bulgaria, is made, based on the reduced form of the model (made using the SoritecWin32 software application). Some conclusions are offered as to the effect of using the selected indicators, characterizing the countries' economic and social resources, including a comparative assessment of differences in the state of those countries.

Suggested Citation

  • Aleksandar Dimitrov, 2004. "The Effect of Economic and Social Resources in Some Countries in Transition for 2000: A Static Econometric Model," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 7, pages 3-23.
    • Handle: RePEc:bas:econth:y:2004:i:7:p:3-23
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    JEL classification:

    • C5 - Mathematical and Quantitative Methods - - Econometric Modeling
    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • F1 - International Economics - - Trade
    • F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance

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