This paper presents a detailed description of a macroeconometric model of Tanzania, a small open economy at an early stage of economic development. In this economy, imports are a crucial constraint on sectoral output. Since exports are a main source of finance for imports, the export sector is modelled in some detail. The paper describes the theoretical structure of the model, provides a complete list of equations, and briefly discusses its forecasting properties.

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Economic Modelling

Lipumba, N. (Nguyuru), Ndulu, B. (Benno), Horton, S. (Sue), & Plourde, A. (1988). A supply constrained macroeconometric model of Tanzania. Economic Modelling, 5(4), 354–376. doi:10.1016/0264-9993(88)90009-0