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Economic modeling of the GDP gap in Ukraine and worldwide
Kharlamova, Ganna; Stavytskyy, Andriy; Chernyak, Oleksandr - In: Problems and perspectives in management : PPM ; … 17 (2019) 2, pp. 493-509
Persistent link: https://www.econbiz.de/10012122601
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Aggregation versus heterogeneity in cross-country growth empirics
Eberhardt, Markus; Teal, Francis J. - 2011
aggregation and empirical misspecification, relying on both theory and empirical evidence. Using data for a stylised aggregate …
Persistent link: https://www.econbiz.de/10009419804
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A Multivariate Unobserved Components Model to Estimate Potential Output in the Euro Area : A Production Function Based Approach
Tóth, Máté - 2021
This paper builds an unobserved components model that combines a multivariate filter approach with a Cobb-Douglas production function. This combination allows potential output estimates to incorporate more economic structure than the traditional production function approach, while retaining the...
Persistent link: https://www.econbiz.de/10013243813
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The bias of technological change in Europe
Vogel, Johanna; Kratena, Kurt; Hranyai, Kathrin - 2015
duality of production theory is applied. Estimating the system of cost share equations derived from a translog cost function …
Persistent link: https://www.econbiz.de/10011340224
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Technical progress and induced innovation in China : a variable profit function approach
Wong, K. K. Gary; Fleisher, Belton M.; Zhao, Min Qiang; … - 2020
We propose a new methodology to estimate empirically the input price-induced technical change and total factor productivity (TFP) growth in China. Our primary goal is to test Hicks' induced innovation hypothesis by examining whether technical change in China has been induced by sharp increase in...
Persistent link: https://www.econbiz.de/10012179650
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Factor productivity and potential output growth in South Africa
Kumo, Wolassa L. - 2017
Persistent link: https://www.econbiz.de/10011811346
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Bayesian comparison of production function-based and time-series GDP models
Osiewalski, Jacek; Wróblewska, Justyna; Makieła, Kamil - In: Empirical economics : a journal of the Institute for … 58 (2020) 3, pp. 1355-1380
Persistent link: https://www.econbiz.de/10012219593
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Hierarchy, Liberty, and Innovation : Democracy's Unique Advantage in Promoting Growth Restated
Tang, Shiping - 2018
theory, and the new institutional economics on growth, we propose a new institutional theory that identifies democracy …Bringing together classic defense of liberty and democracy, the political economy of hierarchy, endogenous growth … channel in which democracy holds a unique advantage over autocracy in promoting growth, especially during the stage of growth …
Persistent link: https://www.econbiz.de/10012919151
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A multivariate unobserved components model to estimate potential output in the euro area : a production function based approach
Tóth, Máté - 2021
This paper builds an unobserved components model that combines a multivariate filter approach with a Cobb-Douglas production function. This combination allows potential output estimates to incorporate more economic structure than the traditional production function approach, while retaining the...
Persistent link: https://www.econbiz.de/10012429180
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Are long-run output growth rates falling?
Li, Mengheng; Mendieta-Muñoz, Ivan - 2018
This paper studies the evolution of long-run output and labour productivity growth rates in the G-7 countries during the post-war period. We estimate the growth rates consistent with a constant unemployment rate using time-varying parameter models that incorporate both stochastic volatility and...
Persistent link: https://www.econbiz.de/10011823990