ESTIMATING THE EXPECTED UNEMPLOYMENT AS A FUNCTION OF THE SPEED OF RESTRUCTURING – THE CASE OF ROMANIA

Adriana Agapie ()

Journal for Economic Forecasting, 2000, issue 2, 63-77

Abstract: The paper presents an econometric estimation for the Aghion and Blanchard (1994) model of the speed of transition for the case of Romania. All the econometric estimations were done by means of three stochastic optimization algorithms (RGS, RSGBOOT and SA), after preliminary Monte Carlo experiments were performed on each particular function involved. The results confirm that in fact an attempt to real privatization started no sooner than 1997. The paper ends with an estimation of the expected inflation, as function of the speed of restructuring, in the NAIRU framework.

Keywords: unemployment; transition; optimization algorithm; Monte Carlo; NAIRU (search for similar items in EconPapers)
JEL-codes: C61 E24 (search for similar items in EconPapers)
Date: 2000
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rjr:romjef:v::y:2000:i:2:p:63-77

Access Statistics for this article

Journal for Economic Forecasting is currently edited by Lucian Liviu Albu and Corina Saman

More articles in Journal for Economic Forecasting from Institute for Economic Forecasting Contact information at EDIRC.
Bibliographic data for series maintained by Corina Saman ( this e-mail address is bad, please contact ).