Loading
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).