DEVELOPMENT OF PRODUCTION FUNCTION MODEL IN ORDER TO QUANTIFY THE CONTRIBUTION OF FACTORS TO LONG-TERM GROWTH IN ROMANIA

Starting from the classical model of the Cobb-Douglas production function, 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.

MoreLess

Year of publication:	2004
Authors:	Albu, Lucian Liviu
Published in:	Journal for Economic Forecasting. - Institutul de Prognoza Economica. - Vol. 1.2004, 1, p. 5-14
Publisher:	Institutul de Prognoza Economica
Subject:	Cobb-Douglas production function \| long-term economic growth \| macroeconomic forecasting

More details

Type of publication:	Article
Classification:	O41 - One, Two, and Multisector Growth Models
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005827598