A macroeconometric model of the response of Asian developing economies to external shocks

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" A macroeconometric model of the response of Asian developing economies to external shocks "
T. L. Jangda A. Savrides

Document Type	:	Latin Dissertation
Language of Document	:	English
Record Number	:	128809
Doc. No	:	TL42508
Call number	:	‭9300880‬
Main Entry	:	T. L. Jangda
Title & Author	:	A macroeconometric model of the response of Asian developing economies to external shocks\ T. L. JangdaA. Savrides
College	:	Oklahoma State University
Date	:	1992
Degree	:	Ph.D.
student score	:	1992
Page No	:	103
Abstract	:	Scope of study. A macroeconometric model for Indonesia, India, Korea, Malaysia, Nepal, Pakistan, Philippines, Singapore, Sri Lanka and Thailand was constructed to investigate adjustment to external shocks during 1968-89. Countries were pooled both across countries and groups according to the level of development. Macroeconometric model was estimated using nonlinear three-stage least squares and countries were pooled over time with intercept dummies for countries and slope dummies for groups. The impact of the imported fuel price and economic condition in industrial countries was examined via a series of simulation runs. Findings and conclusions. The main conclusion of this study is that Asian developing countries in the higher income group display significantly different adjustment responses to economic shocks than the low-income countries. Countries in the higher income group are severely affected, in terms of real output, by the increase in imported fuel price and recession in industrial countries. However, higher income countries benefit more than the low income group, from a economic recovery in industrial countries or a decline in imported fuel price. Economic conditions in industrial countries and dependence on fuel imports, play a major role in explaining the export performance of the sample countries.
Subject	:	Social sciences; macroeconomics; Economics; 0501:Economics
Added Entry	:	A. Savrides
Added Entry	:	Oklahoma State University