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Оценка Производственной Функции В Условиях Неопределённости Динамики Физического Капитала
[Assessing the production function under the uncertainty of dynamics of the fixed capital]

Author

Listed:
  • Краснопёров, Олег

Abstract

Основной проблемой при оценке производственной функции развивающихся стран является отсутствие надёжных статистических данных по физическому капиталу. Разные исследователи используют разные допущения по объёму физического капитала в базовый период и норме амортизации. При этом зачастую остаётся неясным, почему выбраны именно такие значения переменных и как использование альтернативных допущений повлияло бы на результаты оценки производственной функции. Данная работа на примере Латвии показывет, что допущения по динамике физического капитала могут иметь решающее значение для результатов оценки производственной функции. Например, меняя допущения в рамках допустимых значений, эластичность ВВП к капиталу может менятся от 0.13 до 0.43, что охватывает весь спектр значений, полученных в научной литературе. При наличии детерминистического технического прогресса, автор предлагает использовать такие допущения о динамике физического капитала, которые минимизируют ошибку производственной функции.

Suggested Citation

  • Краснопёров, Олег, 2012. "Оценка Производственной Функции В Условиях Неопределённости Динамики Физического Капитала
    [Assessing the production function under the uncertainty of dynamics of the fixed capital]
    ," MPRA Paper 47555, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:47555
    as

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    File URL: https://mpra.ub.uni-muenchen.de/47555/1/MPRA_paper_47555.pdf
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    References listed on IDEAS

    as
    1. Konstantins Benkovskis & Dainis Stikuts, 2006. "Latvia's Macroeconomic Model," Working Papers 2006/02, Latvijas Banka.
    2. Viktors Ajevskis & Kristine Vitola, 2011. "Housing and Banking in a Small Open Economy DSGE Model," Working Papers 2011/03, Latvijas Banka.
    3. Rudolfs Bems & Kristian Jönsson Hartelius, 2006. "Trade Deficits in the Baltic States: How Long Will the Party Last?," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 9(1), pages 179-209, January.
    4. Natan P. Epstein & Corrado Macchiarelli, 2010. "Estimating Poland's Potential Output; A Production Function Approach," IMF Working Papers 10/15, International Monetary Fund.
    5. Aleksejs Melihovs & Gundars Davidsons, 2006. "The Role of Production Progress and Human Capital in the Economic Growth of Latvia," Working Papers 2006/03, Latvijas Banka.
    6. Brou E Aka & Bernardin Akitoby & Amor Tahari & Dhaneshwar Ghura, 2004. "Sources of Growth in Sub-Saharan Africa," IMF Working Papers 04/176, International Monetary Fund.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Krasnopjorovs, Olegs, 2013. "Latvijas ekonomikas izaugsmi noteicošie faktori
      [Factors of Economic Growth in Latvia]
      ," MPRA Paper 47550, University Library of Munich, Germany.

    More about this item

    Keywords

    производственная функция; физический капитал; инвестиции; информационный критерий Акаика;

    JEL classification:

    • C82 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data; Data Access
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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