IDEAS home Printed from https://ideas.repec.org/a/prg/jnlpep/v2006y2006i2id282p156-171.html
   My bibliography  Save this article

Montenegrin Quarterly Macroeconomic Econometric Model

Author

Listed:
  • Štiblar Franjo
  • Oplotnik Žan
  • Vukotić Veselin

Abstract

Specific features of quarterly econometric model for Montenegro are dealing with the euroization of the economy, de facto separation of Montenegrin economy from Serbian economy. The model is specified with final demand as driving force of the economic growth, but, in addition, with some specific detail of supply side economics regarding negative role of government expenditures and taxation on some forms of activity. Key features of the model are: inclusion of relevant real and financial sectors of the economy, estimation of labour and capital market, division of labour market on tradable and non-tradable part, creation of activity variable in addition to industrial production and identifying final demand as driving force of the economy. Special features are connected with peculiarities of Montenegrin economy, which include lack of domestic currency and fiscal restraint following Maastricht criteria. Model enables the analysis of measures of monetary, fiscal and some employment policy. The ultimate goal of building model was to describe functioning of Montenegrin economy which needs to be better understood by authorities (government, central bank). Next, model is intended to help identifying and quantifying appropriate measures of economic policy; their quantification should be consistent with the major economic goals authorities declared in their yearly economic policy resolutions.

Suggested Citation

  • Štiblar Franjo & Oplotnik Žan & Vukotić Veselin, 2006. "Montenegrin Quarterly Macroeconomic Econometric Model," Prague Economic Papers, Prague University of Economics and Business, vol. 2006(2), pages 156-171.
    • Handle: RePEc:prg:jnlpep:v:2006:y:2006:i:2:id:282:p:156-171
    DOI: 10.18267/j.pep.282
    as

    Download full text from publisher

    File URL: http://pep.vse.cz/doi/10.18267/j.pep.282.html
    Download Restriction: free of charge
    File URL: https://libkey.io/10.18267/j.pep.282?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Rod Tyers & Qun Shi, 2007. "Demographic Change and Policy Responses: Implications for the Global Economy," The World Economy, Wiley Blackwell, vol. 30(4), pages 537-566, April.
    2. Richters, Oliver & Siemoneit, Andreas, 2017. "Fear of stagnation? A review on growth imperatives," VÖÖ Discussion Papers 6/2017, Vereinigung für Ökologische Ökonomie e.V. (VÖÖ).
    3. Tisdell, Clem, 2011. "Biodiversity conservation, loss of natural capital and interest rates," Ecological Economics, Elsevier, vol. 70(12), pages 2511-2515.
    4. Li, Guangyao & Yang, Jin & Chen, Dingjiang & Hu, Shanying, 2017. "Impacts of the coming emission trading scheme on China’s coal-to-materials industry in 2020," Applied Energy, Elsevier, vol. 195(C), pages 837-849.
    5. Blair, Andrew R. & Mandelker, Gershon N. & Saaty, Thomas L. & Whitaker, Rozann, 2010. "Forecasting the resurgence of the U.S. economy in 2010: An expert judgment approach," Socio-Economic Planning Sciences, Elsevier, vol. 44(3), pages 114-121, September.
    6. Frank, Björn & Enkawa, Takao & Schvaneveldt, Shane J. & Herbas Torrico, Boris, 2015. "Antecedents and consequences of innate willingness to pay for innovations: Understanding motivations and consumer preferences of prospective early adopters," Technological Forecasting and Social Change, Elsevier, vol. 99(C), pages 252-266.

    More about this item

    Keywords

    macroeconomic models; economic policy; econometric models; transitional economies; Montenegro; economic systems;
    All these keywords.

    JEL classification:

    • C5 - Mathematical and Quantitative Methods - - Econometric Modeling
    • E1 - Macroeconomics and Monetary Economics - - General Aggregative Models
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • P2 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:prg:jnlpep:v:2006:y:2006:i:2:id:282:p:156-171. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Stanislav Vojir (email available below). General contact details of provider: https://edirc.repec.org/data/uevsecz.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.