Original title: Modeling Georgia
Authors: 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.
Document type: Research reports
Year: 2013
Language: eng
Abstract: 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.
Keywords: forecasting and policy analysis system; Georgia
Project no.: LF11018 (CEP)
Funding provider: GA MŠk

Institution: Economics Institute AS ČR (web)
Document availability information: Fulltext is available at the institute of the Academy of Sciences.
Original record: http://hdl.handle.net/11104/0232252

Permalink: http://www.nusl.cz/ntk/nusl-172544


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