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Analysis of the economy of North America (Canada, USA, Mexico) using the modified Menges model

Kawi Jalili Abdul  (Financial University under the Government of the Russian Federation)

Tregub Ilona Vladimirovna  (Doctor of Economics, Professor, Financial University under the Government of the Russian Federation)

The article is devoted to the evaluation of the modeling of the economy of the countries of North America. The macroeconomic model of Menges is considered. We evaluated the models using annual panel data from the region's national economies from 2008 to 2020. As a result of the study, it was found that the best model for describing the socio-economic conditions for the development of the economies of North American countries (Canada, the USA, Mexico) is an econometric model with fixed effects.

Keywords:Menges model, econometric modeling, North American countries.

 

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Citation link:
Kawi J. A., Tregub I. V. Analysis of the economy of North America (Canada, USA, Mexico) using the modified Menges model // Современная наука: актуальные проблемы теории и практики. Серия: ЭКОНОМИКА и ПРАВО. -2022. -№07. -С. 10-19 DOI 10.37882/2223-2974.2022.07.06
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