A model to estimate macroeconomic parameters for growth in EU

Lucian Albu ()

Working Papers of Institute for Economic Forecasting from Institute for Economic Forecasting

Abstract: A main problem for macroeconomic studies continues to be the estimation of capital stock and some derived indicators like coefficient of capital, depreciation rate, etc. In this way we are proposing a simple and intuitively model in order to estimate such basic macroeconomic indicators but avoiding to knowing the amount of capital stock. By applying a simulation model in case of European Union data for a set of periods, we obtained some relevant result. One of them is referring to the negative impact of last global crisis on the coherence of a classic type model. Such model is adequate mostly for a period of continuous increasing in GDP as it was for EU during the period 2000-2007.

Keywords: growth rate; investment; capital stock; coefficient of capital; depreciation (search for similar items in EconPapers)
JEL-codes: C51 E22 E27 O11 O52 (search for similar items in EconPapers)
Pages: 8 pages
Date: 2014-12
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:rjr:wpiecf:141222

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