I S S P

Loading

Details

Project Details

Funded by / Partner / Donor:
Montenegrin Securities Commission
Year:
2010
Type:
Completed
Research Area:
Economic Growth and Development

MACROECONOMIC MODEL, REGULATION POLICY AND CAPITAL MARKET IN MONTENEGRO

The fact that the previous model, MMCG 2009,  was "closed" at a time when the financial crisis had just begun, influenced the  need for the improvement of the model as well as definition of a new approach that  should be used. A new approach to modelling is reflected primarily in putting a focus on explaining structural links in the Montenegrin economy. The basic results of applying the new approach are the following: quantification of interdependencies, using the OLS method; specific modelling of investments; calculation of the investment multiplier, based on the shock transmission test and the timing of the impact of VAR investment in combination with the quantified parameters of the OLS model and  the indication of structural links is quantified by calculating the concentration of GDP creation as a summary indicator of the success of the economy, at the smallest unit or company (the analysis included 20.000 enterprises).


Project

Our Similar Projects

Advocating reforms and facilitating the communication of economic and social change through data, analysis, and publications