Title An econometric rational-expectations macroeconomic model for developing countries with capital controls / prepared by Nadeem U. Haque, Kajal Lahiri and Peter Montiel

Published Washington, D.C. : International Monetary Fund, Research Department, 1990

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Description 1 online resource (ii, 28 pages) : illustrations Series IMF working paper ; WP/90/11 IMF working paper ; WP/90/11 Summary Annotation A small macroeconomic model based on familiar theoretical considerations is developed and estimated using data from 31 developing countries. Efficient estimation techniques are used to control for country heterogeneity under the assumption of rational expectations. the estimates and the test statistics suggest that the model could serve well as a framework for developing-country macroeconomic analysis. An interesting feature of the specification of the model is that it allows the hypothesis of capital mobility to be explicitly tested. the empirical analysis suggests that on average developing countries tend to exhibit a high degree of capital mobility Notes Available in PDF, ePUB, and Mobi formats on the Internet English Online resource; title from PDF title page (IMF, viewed September 9, 2014) Subject Capital movements -- Developing countries -- Econometric models Capital movements -- Econometric models. Economic history. SUBJECT Developing countries -- Economic conditions -- Econometric models Subject Developing countries. Form Electronic book Author Haque, Nadeem Ul, author Montiel, Peter J., 1951- author International Monetary Fund, issuing body ISBN 1455226122 9781455226122 1462332943 9781462332946

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