An econometric model of the economy of Grenada
National Centre for Development Studies, Research School of Pacific Studies, Australian National University, 1991 - Business & Economics - 71 pages
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borrowing and aid borrowing and grant capture the effects cent increase central bank credit consumer price index control level demand for imports demand for money direct taxes domestic consumer prices domestic prices DTxr dummy variable Durbin-Watson statistic East Caribbean dollar ECMU elasticity endogenous variables equation exchange rate exogenous exports of services foreign assets foreign consumer prices foreign prices functional form government revenue grant aid Grenada in 1974 Grenada's exports Grenadian economy h-statistic Heteroscedasticity implicit GDP deflator import taxes ImTxr interest rates InTxr Lagrange multiplier merchandise export prices monetary base money supply Pacific island Papua New Guinea percentage effects postulated price increases price of imports prime lending rate Ramsey's RESET rate of interest real GDP real government expenditure real imports real merchandise exports real money balances real private expenditure real service exports relative to domestic sector serial correlation short run simulation period South Pacific statistically significant trade balance TRDBAL