Showing 51 - 60 of 123
The purpose of this paper is to study and quantify the impact of the human capital in the process of economic growth in Romania over the 1990-2002 period. We will consider an augmented Cobb-Douglas production function to include the human capital, approximated by the number of schooling years...
Persistent link: https://www.econbiz.de/10005772648
The Barometer of the Romanian Economy" intends to be a mirror of the evolution of the Romanian economy and, at the same time, to be its global indicator of state and trend. "The Barometer of the Romanian Economy" was first published some years ago in Microeconomia aplicatã, on the initiative...
Persistent link: https://www.econbiz.de/10005772662
In this paper I estimate a New Keynesian Model with sticky prices for the Romanian economy for the period 1991-2002, using quarterly data. The estimation was made in Dynare using the Bayesian approach. The degree of the price stickiness is moderate. The model makes good predictions in terms of...
Persistent link: https://www.econbiz.de/10005612226
This paper analyses the dynamics of the Romanian economy in the 1990-2002 period, both on aggregate terms and using a sectoral decomposition. We worked in a neoclassical framework using a standard Cobb Douglas function with a Hicks neutral technology. We decomposed the economy into four sectors...
Persistent link: https://www.econbiz.de/10005612230
The Barometer of the Romanian Economy" intends to be a mirror of the evolution of the Romanian economy and, at the same time, to be its global indicator of state and trend. "The Barometer of the Romanian Economy" was first published some years ago in Microeconomia aplicatã, on the initiative...
Persistent link: https://www.econbiz.de/10005612262
In this paper I calibrate and simulate the standard Real Business Cycles model for the Romanian economy. In this respect, I use a set of estimated data for capital stock and GDP at quarterly frequency for the period 1991-2002. The results show that the standard RBC can be a starting point for...
Persistent link: https://www.econbiz.de/10005612294
In this study I make an estimation of the Solow model for the Romanian economy. Starting from the estimates of the parameters from other studies, I simulate the model both for the 1990-2004 period and in the long run. The study shows that the Solow model provides a good approximation of the...
Persistent link: https://www.econbiz.de/10005827627
In this paper I use an open economy DSGE model and estimate it for Romanian economy using Bayesian techniques. Based on estimation I derive a smoothed estimation of the output gap. I compare the results with those from standard procedures to estimate the output gap, the Hodrick Prescott filter,...
Persistent link: https://www.econbiz.de/10008548668
Persistent link: https://www.econbiz.de/10005248491
In this paper, I study the impact of the domestic and external shocks on the Romanian economy. I use an open economy DSGE model and estimate it for the Romanian economy using Bayesian techniques. The impact of the domestic shocks is moderate but not persistent. The Euro Area demand and interest...
Persistent link: https://www.econbiz.de/10005248492