The Basic Characteristics of the Regional Department of Attica and Estimates of Potential Output and Potential Labour

Athena Belegri-Roboli and Panayotis Michaelides

MPRA Paper from University Library of Munich, Germany

Abstract: We estimate potential labour and labour gap as well as potential output and output gap using a Cobb Douglas production function and a Hodrick-Prescott filter. We investigate the Athens Region in Greece by sector of economic activity. We find that Attica seems to be working, over the regional economy’s capabilities, a fact which leads to inflationary pressure.

Keywords: Potential Output; Potential Labour; Attica (search for similar items in EconPapers)
JEL-codes: J0 (search for similar items in EconPapers)
Date: 2005
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https://mpra.ub.uni-muenchen.de/74543/8/MPRA_paper_74543.pdf revised version (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:74452

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