This report presents theoretical considerations and analyses of past developments related to the formulation of a macro-econometric model of the Lithuanian economy called LITMOD. In addition, a few analyses using the model for simulation of scenarios are included. The purpose of the model is to describe the structure and the short to medium-term development in Lithuanian economy, to secure internal consistency in economic analyses and to assist a structured thinking on economical development and policy issues. The work presented in the report is part of a Danish/British Energy Pre-Accession Project for the Lithuanian Ministry of Economy supported by the Danish Energy Authority and the British Department of Trade and Industry. A focus in the overall project is the development of the energy consumption. However, to obtain reliable forecasts of energy demand, reliable forecasts of the economical development in sectors are needed. The present model is a further development of the LITMOD developed within the Ministry of Economy and the Authors are very grateful for the support and kind assistance from State Secretary Gediminas Miškinis and Head of Economy Development Policy Division Arvydas Kazlauskas. The Ministry of Economy has the authority to use and distribute the present model to potential users.
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