Modeling Georgia

0426528 - NHÚ 2014 RIV CZ eng V - Výzkumná zpráva
Cincibuch, M. - Kejak, Michal - Vávra, D. - Auda, O. - Aslanyan, Gurgen - Baksa, D. - Bečičková, Hana - Daniš, P. - Hřebíček, Hynek - Janjgava, Batlome - Kacer, R. - Kameník, O. - Konopecký, F. - Lukáč, J. - Mirzoyan, Armen - Motl, Tomáš - Musil, K. - Plotnikov, S. - Remo, A. - Szilágyi, K. - Vlček, J.
Modeling Georgia.
Prague: OGResearch, 2013. 132 s.
Grant CEP: GA MŠMT(CZ) LF11018
Institucionální podpora: RVO:67985998
Klíčová slova: Georgia * forecasting and policy analysis system
Kód oboru RIV: AH - Ekonomie

The report has two chapters. Chapter 1 describes the structural model which lies at heart of the FPAS. It summarizes the main features of the Georgian economy relevant for building the structural model and describes in detail the most distinctive parts of the model. The chapter concludes with an analysis of the model properties and an interpretation of past economic developments in Georgia through the optic of the model. Chapter 2 evaluates how the FPAS performs empirically. The forecasting power is assessed by in-sample comparison with the standard random-walk benchmark. We conclude that the FPAS performs satisfactorily in this comparison.
Trvalý link: http://hdl.handle.net/11104/0232252