Work

Macroeconometric modelling and Pakistan's economy

Year: 1992

Type: article

Abstract: Recent applications of the Vector Autoregression (VAR) technique pioneered by Sims, Litterman and Doan has become popular in macroeconomic modelling, particularly when knowledge about 'true' structural relations is absent. This study represents the first attempt to apply such a technique to Pakistani data for ten key macroeconomic variables. Unlike some of the earlier studies on Pakistan's economy our empirical results are intuitive and consistent with the predictions of the standard new neoclassical model. More importantly, based on these results, perhaps, one may also shed light on some of the dominant recurring macroeconomic issues of Pakistan's economy. © 1992.

Source: Journal of Development Economics

DOI: 10.1016/0304-3878(92)90004-s

Authors: Salim U. Chishti, M.Aynul Hasan, Syed F. Mahmud

Institutions: University of Karachi, Johns Hopkins University, Acadia University, Bilkent University

Language: English

Topic: Monetary Policy and Economic Impact

Subfield: General Economics, Econometrics and Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: hybrid

Estimated APC paid: $4,590

OpenAlex ID: W1501908596

FWCI: 1.878

Cites: 29

Cited by: 18

Related to: 10