This volume puts forward a group of models applied to different
economies, capturing the progress and growth of their economic
systems. The models provide a quantified framework for the
formulation of economic policy. They aid the introduction of
targets and policy instruments taking account of constraints in the
process of development. Also, an evaluation of external and
internal shocks is taken using a comparative static type of
analysis. The models take into account constraints which are in the
nature of institutional as well as supply constraints. Problems of
data exist in any quantitative analysis and account was taken of
this factor in presenting the models and the results reached.
Nonetheless, the models attempt to specify, estimate and simulate a
given macroeconomic system. Models of this type are not freely
available to the interested reader, but only in a fragmented way.
This book puts the efforts of a group of economists worldwide under
one cover. It is believed that the collection will be of interest
both for courses in planning and for those adviSing these countries
such as international organizations, research bodies, etc.
Moreover, an overview of trade policy and income distributional
factors is presented. It is hoped that this collection will prove
interesting and useful to economists world wide.
General
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