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MODEL HERMIN

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Kvetan V., Mlýnek M., Radvanský M.
Ekonomický časopis (Journal of Economics)
|
2006
|
vol. 54
|
issue 10
994-1008
EN
The planning policy evaluation and verification of the assumed policy impact on the economic development is the main purpose of HERMIN model construction. Preparation of the National Development Plan (NDP) of Slovak republic (NSRR), co-financed by the European Union funds, was the main cause for construction of HERMIN model of the Slovak Economy. The construction and estimation of this model is discussed in the first half of this paper while the second half consists of the evaluation of three variants of the Slovak National Development Plan and the policy implications. As previous studies have shown, the main question of NDP is not the magnitude of the reallocations but its structure. In this respect, the results of this paper seem to be consistent with the other empirical findings.
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