DEVELOPMENT OF PRODUCTION FUNCTION MODEL IN ORDER TO QUANTIFY THE CONTRIBUTION OF FACTORS TO LONG-TERM GROWTH IN ROMANIA

Lucian Albu ()

Journal for Economic Forecasting, 2004, vol. 1, issue 1, 5-14

Abstract: Starting from the classical model of the Cobb-Douglas production function, the paper investigates different scenarios for the Romanian economy on the basis of different assumptions regarding the model’s parameters. The adapted model also tries to cover the implications of some peculiarities of the Romanian transition economy, such as a large agricultural sector.

Keywords: Cobb-Douglas production function; long-term economic growth; macroeconomic forecasting (search for similar items in EconPapers)
JEL-codes: O41 (search for similar items in EconPapers)
Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:rjr:romjef:v:1:y:2004:i:1:p:1-14

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