Metody ekonometryczne w modelach wzrostu gospodarczego
Łukasz Goczek
Gospodarka Narodowa-The Polish Journal of Economics, 2012, vol. 2012, issue 10
Abstract:
The article aims to review and assess different econometric methods used in the estimation of empirical models of economic growth. Such models play an important role in the economy because they yield conclusions for policymakers, the author says. His research showed that the preferred method for the estimation of dynamic models of growth based on cross-temporal data is the Generalized Method of Moments applied simultaneously on the levels and first differences with error correction used in small samples. However, in some cases, more accurate estimates could be obtained by using either the Kiviet or Pooled Mean Group (PMG) estimator instead of the Generalized Method of Moments, the author concludes.
Keywords: Financial; Economics (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:ags:polgne:358640
DOI: 10.22004/ag.econ.358640
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