01736cas a2200241 a 4500 AALejournalIMF000898 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451925869 1018-5941 BD-DhAAL BD-DhAAL International Monetary Fund. An Econometric Rational Expectations Macroeconomic Model for Developing Countries with Capital Controls. Washington, D.C. : International Monetary Fund, 1990. 1 online resource (30 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students A small macroeconomic model based on familiar theoretical considerations is developed and estimated using data from 31 developing countries. Efficient estimation techniques are used to control for country heterogeneity under the assumption of rational expectations. The estimates and the test statistics suggest that the model could serve well as a framework for developing-country macroeconomic analysis. An interesting feature of the specification of the model is that it allows the hypothesis of capital mobility to be explicitly tested. The empirical analysis suggests that on average developing countries tend to exhibit a high degree of capital mobility. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1990/011 Full text available on IMF http://elibrary.imf.org/view/journals/001/1990/011/001.1990.issue-011-en.xml IMF e-Library