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The Basic Characteristics of the Regional Department of Attica and Estimates of Potential Output and Potential Labour

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  • Belegri-Roboli, Athena
  • Michaelides, Panayotis G.

Abstract

We estimate potential labour and labour gap as well as potential output and output gap using a Cobb Douglas production function and a Hodrick-Prescott filter. We investigate the Athens Region in Greece by sector of economic activity. We find that Attica seems to be working, over the regional economy’s capabilities, a fact which leads to inflationary pressure.

Suggested Citation

  • Belegri-Roboli, Athena & Michaelides, Panayotis G., 2005. "The Basic Characteristics of the Regional Department of Attica and Estimates of Potential Output and Potential Labour," MPRA Paper 74452, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:74452
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    References listed on IDEAS

    as
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    JEL classification:

    • J0 - Labor and Demographic Economics - - General

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