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between tax revenue efficiency and real GDP growth rate. We find a positive and significant relationship between these …
Persistent link: https://www.econbiz.de/10010855051
lower real GDP permanently or whether we can expect a rebound to earlier trend levels. Using a recent quantile … autoregression unit root test we check whether shocks to real GDP have permanent or temporary effects. In contrast to earlier studies … root hypothesis at the conditional mean of GDP, but also in the tails of the distribution where the lower tail corresponds …
Persistent link: https://www.econbiz.de/10010886932
by using seasonal resources. For this we used output gap indicator, defined as the difference between real GDP and … potential GDP. Output gap indicates disparity in the real economy. Other words, we wanted to answer the question: How large … transmission mechanism of cyclical components of GDP for Romanian tourism was analyzed using VAR econometric model. We pursued by …
Persistent link: https://www.econbiz.de/10010940661
lower real GDP permanently or whether we can expect a rebound to earlier trend levels. Using a recent quantile … autoregression unit root test we check whether shocks to real GDP have permanent or temporary effects. In contrast to earlier studies … root hypothesis at the conditional mean of GDP, but also in the tails of the distribution where the lower tail corresponds …
Persistent link: https://www.econbiz.de/10010954817
changes in inventories are discussed in the context of expected and unexpected demand shocks. In empirical part sources of GDP … GDP variability than in case of cyclical variability and vice versa for cyclical GDP and changes in inventories …
Persistent link: https://www.econbiz.de/10010959504
observed total factor productivity and GDP series that is autocorrelated, even when all the shock processes are serially …
Persistent link: https://www.econbiz.de/10011273950
This paper considers a model which incorporates Schumpeterian type growth into an otherwise standard RBC model similar to the one in Phillips & Wrase (2006). We consider a model with three sources of shocks. The first is a standard productivity shock. The second is a set of Schumpeterian...
Persistent link: https://www.econbiz.de/10011273954
The correlation analysis was conducted on dynamic of GDP and company failure rate for Poland, Europe and USA for the …
Persistent link: https://www.econbiz.de/10011259056
The growth rate of real GDP per capita in the biggest OECD countries is represented as a sum of two components – a … growth rate is modelled by an inverse function of real GDP per capita with a constant numerator. This numerator is equivalent … to a constant annual increment of real GDP per capita. For the most advanced economies, the GDP estimates between 1950 …
Persistent link: https://www.econbiz.de/10011259294
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