Model HERMIN
Model HERMIN

Summary/Abstract: Planning policy evaluation and verification of assumed policy impact on economic development is the main purpose of HERMIN model construction. Preparation of National Development Plan (NDP) of Slovak republic (NSRR), co financed by European Union funds, was the main cause for construction of HERMIN model of the Slovak Economy. Construction and estimation of this model is discussed in the first half of this paper while the second half consists of evaluation of three variants of the Slovak National Development Plan and policy implications. As previous studies have shown, the main question of NDP is not the magnitude of reallocations but its structure. In this respect, the results of this paper seem to be consistent with other empirical findings.

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