Odhad potenciálního produktu a produkční mezery v České republice

Estimate of potential output and output gap in the Czech Republic

Mojmír Hájek and Vladimir Bezdek ()

Politická ekonomie, 2001, vol. 2001, issue 4

Abstract: The article describes the estimate of potencial output and output gap in the Czech economy on the macroeconomic level for the period 1991 - 1999 and forecasted years 2000 and 2001. Two methods are used. The first is the application of Hodrick - Prescott filter to yearly and quarterly data of real GDP. The second one is Cobb-Douglas production function with technological progress, using yearly data about real GDP, stock of capital and labour. In the case of production function three variants of

Keywords: production function; potencial output; output gap; Hodrick - Prescott filter; total factor productivity (search for similar items in EconPapers)
Date: 2001
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DOI: 10.18267/j.polek.320

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