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We continue with the problem of the relation between predictability and complexity in the Romanian economy, analyzing … other two components of GDP: domestic consumption and public consumption. The basic idea of this work is that the … unpredictability of a system gives a measure of its complexity, so that in order to predict a future state of a complex system one must …
Persistent link: https://www.econbiz.de/10008472205
In the paper model of macroeconomic turnover and its possibilities for investments modelling are shown. The model consists from four blocks: in the first the theoretical model is described. In the second the model is reflected in accordance with the requirements of system dynamics method, there...
Persistent link: https://www.econbiz.de/10008753069
This study sheds new light on the question of whether or not sentiment surveys, and the expectations derived from them, are relevant to forecasting economic growth and stock returns, and whether they contain information that is orthogonal to macroeconomic and financial data. I examine 16...
Persistent link: https://www.econbiz.de/10009647399
Joining the European Union big opportunities in the international markets have opened for Latvia. Paper purpose is to investigate influence of international integration processes on development of economy of Latvia. Latvia's incoming in EU increased the amount of received means from structural...
Persistent link: https://www.econbiz.de/10009367975
China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced economies, even though growth is likely to slow from near double-digit rates in the first decade of this millennium to around 7% at the 2020 horizon. However, in order to...
Persistent link: https://www.econbiz.de/10011277005
The formation of the European Union (EU) is the one of the biggest political – economic events of the last 50 years. The aim of this study is to develop EU economy functioning system dynamic model. Main research method is system dynamics. General scheme of EU economy system dynamic model is...
Persistent link: https://www.econbiz.de/10011259562
The authors evaluate the out-of-sample forecasting performance of six competing models at horizons of up to three quarters ahead in a pseudo-real time setup. All the models use information in monthly indicators released ahead of quarterly GDP. The authors estimate two models – averaged vector...
Persistent link: https://www.econbiz.de/10009645286
We evaluate the out-of-sample forecasting performance of six competing models at horizons of up to three quarters ahead in a pseudo-real time setup. All the models use information in monthly indicators released ahead of quarterly GDP. We estimate two models – averaged vector autoregressions...
Persistent link: https://www.econbiz.de/10009368563
relation between predictability and complexity in Romanian economy, analyzing other two components of GDP: Import and Export … series of three articles exemplify the application of the theory of complexity and predictability as an alternative to model …After treating Gross Fixed Capital Formation and Domestic and Public Consumption, we continue with the problem of the …
Persistent link: https://www.econbiz.de/10013059911
exchange rate variable in consumption and investment functions, removing ambiguity as to whether they should be interpreted as … (and exports) is positive, but strongly negative for investment goods. The estimated overall negative effect of declining …
Persistent link: https://www.econbiz.de/10004964383