Cover; Half Title; Title; Copyright; Dedication; Contents; List of Tables; List of Illustrations; Preface; 1 Introduction; 2 Macroeconometric Modeling: An Overview; Background; Macroeconometric Systems; Prospects and Implications for Integration of Macroeconometric Systems; Conclusion; Notes; 3 Macroeconometric Modeling for Less Developed Countries; Introduction; Theoretical Basis for Modeling LDCs; Empirical Macroeconometric Modeling in Selected LDCs; Estimation Techniques and Model Performance; Notes; 4 The Economy of Guyana; Socio-economic and Historic Background; Economic Performance
Policy Framework and Policy MeasuresImplications for Policy Analysis and Model Building; Notes; 5 A Theoretical Model; Nature of the Model; Relation to Previous Work; The Expenditure Sector; The Monetary Sector; The Production Sector; Model Structure; External Shocks; A Domestic Monetary Expansion; An Increase in the Public Sector Deficit; An Increase in the Exchange Rate (Devaluation); Notes; 6 An Econometric Model for Guyana: Estimation, Simulation, and Implications; Introduction; Data Collection and Measurement; Testing for Departures from Sampling and Probability Model Assumptions
Empirical ResultsTwo Stages Least Squares Estimation; Multiplier Analysis; Forecasting; Simulations; Policy Issues; Notes; 7 Conclusion; Bibliography; Index
