Author:
Rudzkis Rimantas,Kvedaras Virmantas
Abstract
A small vector error correction model of the Lithuanian economy is presented aimed at forecasting and explaining the macroeconomic fluctuations. Various aspects of model building are discussed in the light of specificity of the Lithuanian economy. The adequacy of the model is evaluated using in- and out-of-sample empirical data. The model is used to produce short-term forecasts of the main Lithuanian macroeconomic indicators evaluating, in addition, the impact of the European Union funds on the growth.
Publisher
Austrian Statistical Society
Subject
Applied Mathematics,Statistics, Probability and Uncertainty,Statistics and Probability
Cited by
3 articles.
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