A Dynamic Macroeconometric Model of Pakistan’s Economy
Published By: Pakistan Institute of Development Economics (PIDE) | Published Date: January, 01 , 2011In this study, an attempt has been made of develop a dynamic macroeconometric model of Pakistan’s economy to examine the behaviour of major macroeconomic variables such as output, consumption, investment, government expenditure, money, interest rates, prices, exports, and imports. The model consists of 21 equations, of which 13 are behavioural and the rest are identities. The Engle-Granger two-step cointegration procedure is used to derive the long-run and short-run elasticities for the period 1972-2009.
Author(s): Muhammad Arshad Khan, Musleh ud Din | Posted on: Feb 06, 2016 | Views() | Download (135)