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Working Paper 17-10 - A macro-econometric model for the economy of Lesotho

Author

Listed:
  • Ludovic Dobbelaere
  • Igor Lebrun

Abstract

The Federal Planning Bureau took part, in collaboration with the German institute diw Berlin, in a technical assistance project aimed at developing different modelling approaches for the economy of Lesotho, a small country landlocked within the territory of South Africa. This paper summarises the major characteristics of the macro-econometric model that was elaborated in the context of this project. The modelling strategy relies on its complementarities and interactions with the so-called ‘Financial Programming', implemented by other partners of the project team. In addition, the paper presents a baseline up to the fiscal year 2012/2013 as well as an alternative scenario in which public expenditures are reduced in response to the expected decrease in customs receipts.

Suggested Citation

  • Ludovic Dobbelaere & Igor Lebrun, 2010. "Working Paper 17-10 - A macro-econometric model for the economy of Lesotho," Working Papers 201017, Federal Planning Bureau, Belgium.
    • Handle: RePEc:fpb:wpaper:201017
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    More about this item

    Keywords

    Econometric model; Macroeconomic forecasts;

    JEL classification:

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

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