IDEAS home Printed from https://ideas.repec.org/a/ovi/oviste/vxiiy2012i12p1355-1358.html
   My bibliography  Save this article

Estimating Potential Output in Romania using Univariate Statistical Filters

Author

Listed:
  • Dedu Vasile

    (Bucharest Academy of Economic Studies)

  • Stoica Tiberiu

    (Bucharest Academy of Economic Studies)

Abstract

In this paper, we determine the potential economic growth in Romania using three statistical univariate filters. The techniques used are Hodrick-Prescott (HP), Christiano-Fitzgerald (CF) and Baxter-King (BK) filters. According to our calculations, HP outperforms the other two filters for the pre-crisis period but offers poor end-sample estimates as expected. During the economic crisis, all models indicate a slowdown of the potential growth in Romania. The most reliable estimate for 2011 is offered by CF band-pass filter. BK filter performs poorly in the sample period with the exception of the estimate for 2008 and does not provide.

Suggested Citation

  • Dedu Vasile & Stoica Tiberiu, 2012. "Estimating Potential Output in Romania using Univariate Statistical Filters," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 1355-1358, May.
    • Handle: RePEc:ovi:oviste:v:xii:y:2012:i:12:p:1355-1358
    as

    Download full text from publisher

    File URL: http://stec.univ-ovidius.ro/html/anale/ENG/cuprins%20rezumate/volum2012p1.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    potential output; univariate filter; band-pass filter; business cycles.;
    All these keywords.

    JEL classification:

    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ovi:oviste:v:xii:y:2012:i:12:p:1355-1358. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Gheorghiu Gabriela (email available below). General contact details of provider: https://edirc.repec.org/data/feoviro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.