Original title: Modeling Armenia
Authors: Cincibuch, M. ; Kejak, Michal ; Vávra, D. ; Auda, O. ; Aslanyan, Gurgen ; Bečičková, H. ; Daniš, P. ; Hřebíček, H. ; Janjgava, Batlome ; Kacer, R. ; Kameník, O. ; Konopecký, F. ; Lamazoshvili, Beka ; Lukáč, J. ; Menkyna, Robert ; Mirzoyan, Armen ; Motl, T. ; Musil, K. ; Plotnikov, S. ; Rasulova, Khanifakhon ; Remo, A. ; Vlček, J.
Document type: Research reports
Year: 2012
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 Armenian 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 Armenia 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: Armenia; forecasting and policy analysis system
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/11104/0231261

Permalink: http://www.nusl.cz/ntk/nusl-172536


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Research > Institutes ASCR > Economics Institute
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