A supply constrained macroeconometric model of Tanzania
Economic Modelling , Volume 5 - Issue 4 p. 354- 376
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.