REMARKS ON POTENTIAL GDP ESTIMATION IN ROMANIA
Mihai Roman () and
Additional contact information
Ana-Michaela Andrei: Bucharest Academy of Economic Studies
Gheorghe Oprescu: Bucharest Academy of Economic Studies
Ramona-Mihaela Păun: Bucharest Academy of Economic Studies
Theoretical and Applied Economics, 2009, vol. 12(541)(supplement), issue 12(541)(supplement), 245-252
This paper is focused on potential GDP and output gap estimation in Romania using a univariate method – HP filter and a multivariate method – production function method that are applied on annual time series covering years 1990-2008. The production function we use is Cobb-Douglas with potential labor computed with the method proposed by Elmeskov (1993). The results indicate for potential output variations between 0.36% and 2% between 1994-2000 and 5%-6.7% between 2004-2008. For output gap, the results point to stronger gaps at the beginning of 1990s’ that decrease within range of -2.3% and +2.7% between 1999-2000.
Keywords: potential GDP; output gap; HP filter; production function method; NAWRU. (search for similar items in EconPapers)
References: Add references at CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
http://www.ectap.ro/documente/suplimente/Finantele ... a_Finante_en2010.pdf (application/pdf)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:agr:journl:v:12(541)(supplement):y:2009:i:12(541)(supplement):p:245-252
Access Statistics for this article
Theoretical and Applied Economics is currently edited by Marin Dinu
More articles in Theoretical and Applied Economics from Asociatia Generala a Economistilor din Romania - AGER Contact information at EDIRC.
Bibliographic data for series maintained by Marin Dinu ().