We analyze the effects of euro area monetary policy on three Central and Eastern European non-euro area EU countries: the Czech Republic, Poland and Hungary. We employ an open economy version of the factor-augmented vector autoregression model (FAVAR) to estimate the cross-border effects of a...

Uncertainty associated with an optimal number of macroeconomic variables to be used in factor model is challenging since there is no criteria which states what kind of data should be used, how many variables to employ and does disaggregated data improve factor model’s forecasts. The paper...

We analyze the effects of euro area monetary policy on three Central and Eastern European non-euro area EU countries: the Czech Republic, Poland and Hungary. We employ an open economy version of the factor-augmented vector autoregression model (FAVAR) to estimate the cross-border effects of a...

The purpose of this paper is to conduct whether the disaggregated data of GDP gives us any additional information in the sense of forecasting accuracy. To test latter hypothesis author employs Stock-Watson factor model. GDP is disaggregated both on expenditure basis and on output basis. Thus...

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...

Raksta mērķis – novērtēt Latvijas valdības izdevumu efektivitāti izglītībā un veselības aprūpē salīdzinājumā ar citām Eiropas Savienības valstīm, izmantojot divas neparametriskās metodes – FDH (Free Disposal Hull) un DEA (Data Envelopment Analysis). Atklāts, ka Latvijā...

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...

The purpose of this article is to estimate private and public capital contribution to economic growth in Latvia 1995-2009 using production function approach. It was found that both private and public capital have positive and statistically significant impact on economic growth and labour...