Krupkina, Anna; Deryugina, Elena; Ponomarenko, Alexey - In: Comparative Economic Studies 57 (2015) 1, pp. 168-182
We present a model that incorporates the information contained in diverse variables when estimating sustainable output growth. For this purpose, we specify a state-space model representing a multivariate HP filter that links cyclical fluctuation in GDP with several indicators of macroeconomic...