An Econometric Rational Expectations Macroeconomic Model for Developing Countries with Capital Controls

An Econometric Rational Expectations Macroeconomic Model for Developing Countries with Capital Controls
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... READ MORE...

Publication date: February 1990
ISBN 9781451925869
$15.00

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