Modèle macro-économique applicable aux petits états insulaires en développement : l’exemple de la Dominique
The application of macroeconomic models to analyse and conceptualize the economic policy, as well as controlling macroeconomic imbalances, is still at an early stage in small islands developing states. This article tries to fill in this gap by proposing a macroeconomic model for analyzing, forecasti...
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| Format: | Article |
| Language: | English |
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Université des Antilles
2012-12-01
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| Series: | Études Caribéennes |
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| Online Access: | http://journals.openedition.org/etudescaribeennes/6283 |
| Summary: | The application of macroeconomic models to analyse and conceptualize the economic policy, as well as controlling macroeconomic imbalances, is still at an early stage in small islands developing states. This article tries to fill in this gap by proposing a macroeconomic model for analyzing, forecasting, and testing the effects of shocks to the economy, applicable for each of these territories. The case of Dominica, a small island developing state of Caribbean area, has been approched. This model draws on the analytical techniques of cointegration and error correction. The single equations are specified and their forecasting performance is assessed. Then, the model is constructed and shock simulations are performed and different scenarios are developed to give further insight in the future path of the main economic variables.One of the main scenarios of this study will determine in comparison of Millennium development goals (MDG), the economic growth rate of Dominica which would help to attain the objective of reduction poverty in half by 2015, as well as the fiscal and monetary policy compatible with this goal. Finally, it helps to make macroeconomic frameworks for strategy reduction of poverty. Its flexibility serves to aid the discussion with all parties. |
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| ISSN: | 1779-0980 1961-859X |