The development of the PIDS-NEDA Macroeconometric Model is a
joint effort began• in 1985 by the Philippine •Institute for
Development •Studies (P!DS) and the National Economic and
Development Authority (NEDA). The main objective Was to come up
with a model £hat government economic Planners could use in
arriving at annual and medium-term•economic forecasts or targets
and in assessing the implications of various policy options.
The first version of the model consisting of 73 equations
started to be•used in •1986. This version was •formulated with the
end in • view•of•analyzing the impact of the country's economic
adjustment program which is usually formulated in connection with
£he country's availment Of funding facility from the International
Monetary Fund (IMF)
