The standard neoclassical growth accounting (parametric) framework serves to explain only a minor part of labour productivity growth and its cross-country differences, thus implying an important role (as yet unexplained) for the Solow Residual or the Total Factor Productivity (TFP). However, the...

Nevienmērīga ekonomikas izaugsme pēdējo gadu laikā aktualizēja jautājumu par to vai Latvijā pastāv vismaz viens ekonomikas izaugsmes faktors, kas nav saistīts ar ekonomikas cikla svārstībām. Promocijas darba mērķis ir ar ekonometriskās modelēšanas metodēm noskaidrot Latvijas...

Основной проблемой при оценке производственной функции развивающихся стран является отсутствие надёжных статистических данных по физическому капиталу....

Raksta mērķis – novērtēt privātā un sabiedriskā kapitāla nozīmi Latvijas ekonomikas izaugsmē, izmantojot ražošanas funkcijas dažādās specifikācijas. Tika noskaidrots, ka abiem kapitāla veidiem ir pozitīva un statistiski nozīmīga ietekme uz izaugsmi, turklāt privātajam...

Uneven economic growth during the recent years raise the question whether any factor of economic growth aside economic cycle fluctuations exists in Latvia. The objective of the Doctoral Thesis is, to assess the factors of economic growth in Latvia using econometric modelling techniques, and to...

This paper investigates methods of assessing dynamic efficiency, points out their shortcomings and develops a new criterion of determining whether or not an economy accumulates too much capital. This criterion is then applied to the OECD countries as well as China. The analysis sheds a new light...

This paper estimates the GDP gap in Venezuela by means of the structural VAR methodology and the Blanchard and Quah decomposition for the period 1999:1-2010:4. We use quarterly data for the inflation rate, real GDP, unemployment rate, and oil prices. We identify fiscal and monetary innovations...

Empirical data show during the historical process of economic development profound structural changes in economy. One of the most important movements is from stages where the so-called tangible investments are predominant to those where intangible investments become predominant. Applying some...

We present an application of the Dynamic Programming (DP) and of the Maximum Principle (MP) to solve an optimization over time when the production function is linear in the stock of capital (Ak model). Two views of capital are considered. In one, which is embraced by the great majority of...

National accountants treat as consumption all expenditure incurred in purchasing consumer durables and in forming intangible assets such as knowledge, education and good health. The case is made in this paper that the national accounts measures of saving and investment understate both the extent...