SFB 303 Discussion Paper No. B - 025
Author: Dobrinsky, R.
Title: Aggregated Macroeconomic Models of the European CMEA Countries
Abstract: The Bonn-IIASA Research Project on Economic Growth and Structural Change considers 23 countries and
country groups each of which is to be represented by a separate model. 7 of these countries are the European
CMEA countries: Bulgaria, CSSR, GDR, Hungary, Poland, Romania and USSR.
In accordance with the research
plan of the project, the Central Group constructs aggregated macroeconomic models for the countries and
country groups. These models will be used for building and testing the global model framework as well as for
analysis and forecasts of the general trends of the national and global economic development. The aggregated
country models may be substituted by more detailed national models provided by the collaborating Country
Groups, which might allow for some more specific analysis concerning the development of the world
economy.
The basic framework of the aggregated country models is built in accordance with the principles of the
neoclassical growth theory which provides a suitable theoretical background for constructing models of this type.
Considerable attention is being paid to the concept of equilibrium growth, to the search of paths of equilibrium
growth for the world economy and to the analysis of the factors which would provide the necessary conditions
for the existence of such paths.
Keywords:
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Creation-Date: 1985
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