Endogenization of the “Rest of The World” account in SAM linear models. An approach based on Miyazawa.
The objective of this work is to analyse the possibility of including operations with foreign countries as an endogenous variable in SAM linear models while, solving the difficulties associated to this option (e.g.: biased estimations of hypothetical demand shocks). The methodology proposed, based on Miyazawa models, makes it possible to estimate the influence and impact of the Foreign exchange, preventing it from being overvalued. The Social Accounting Matrix for Spain in year 2000 has been used as the database for this work.
MAINAR Alfredo;
FUENTES Patricia;
CARDENETE FLORES Manuel Alejandro;
2012-09-21
ROUTLEDGE JOURNALS
JRC69298
1350-4851,
http://www.tandfonline.com/doi/full/10.1080/13504851.2012.667535,
https://publications.jrc.ec.europa.eu/repository/handle/JRC69298,
10.1080/13504851.2012.667535,
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