Estimating and Calibrating MFMod : A Panel Data Approach to Identifying the Parameters of Data Poor Countries in the World Bank's Structural Macro Model (English)

This paper summarizes the World Bank's approach to identifying parameters for key equations in its macro structural model for countries where short sample sizes or major structural changes render traditional time-series approaches infeasible or yield unstable estimates. To identify parameters that could be used in such cases, a cointegrating panel approach is followed that yields a common long-run estimate of parameters for key equations (to test...

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Author

Burns,Andrew;

Jooste,Charl;
Document Date
2019/07/11
Document Type
Policy Research Working Paper
Report Number
WPS8939
Volume No
1
Total Volume(s)
1
Country
World,
Region
Other,
Disclosure Date
2019/07/11
Disclosure Status
Disclosed
Doc Name
Estimating and Calibrating MFMod : A Panel Data Approach to Identifying the Parameters of Data Poor Countries in the World Bank's Structural Macro Model
Keywords
trade and investment

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Citation

Burns,Andrew; Jooste,Charl.

Estimating and Calibrating MFMod : A Panel Data Approach to Identifying the Parameters of Data Poor Countries in the World Bank's Structural Macro Model (English). Policy Research working paper|no. WPS 8939 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/662391562848917501

Estimating and Calibrating MFMod : A Panel Data Approach to Identifying the Parameters of Data Poor Countries in the World Bank's Structural Macro Model (English)

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