Andrei, Ana-Michaela; Oprescu, Gheorghe; Roman, Mihai; … - In: Theoretical and Applied Economics 12(541)(supplement) (2009) 12(541)(supplement), pp. 245-252
This paper is focused on potential GDP and output gap estimation in Romania using a univariate method – HP filter and a multivariate method – production function method that are applied on annual time series covering years 1990-2008. The production function we use is Cobb-Douglas with...