Estimating contribution of factors to long-term growth in Romania
AbstractThe paper analyses the dynamics and structure of GDP in Romania during the transition period. Starting from the classical Cobb-Douglas production model, the paper investigates different scenarios for the Romanian economy on the basis of different assumptions regarding the model’s parameters. The adapted model also tries to cover the implications of some peculiarities of the Romanian transition economy, such as a large agricultural sector.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 14729.
Date of creation: Jan 2003
Date of revision:
Cobb-Douglas production function; total factor productivity; long-term economic growth; macroeconomic forecasting;
Find related papers by JEL classification:
- O41 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
- C53 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Forecasting and Prediction Models; Simulation Methods
- C63 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computational Techniques
- E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production
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