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SCENARIOS OF ECONOMIC DEVELOPMENT IN ROMANIA – MEDIUM TO LONG-TERM FORECASTING MODELS
Albu, Lucian Liviu; Roudoi, Andrei - In: Journal for Economic Forecasting (2003) 5, pp. 64-77
mix of forecasting models, like „medium-term” ones and „long-run” models. In this respect three alternative models are …
Persistent link: https://www.econbiz.de/10005827575
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FACTORS AND MECHANISMS OF ECONOMIC GROWTH IN TRANSITION ECONOMIES OF DIFFERENT TYPES (CASE OF ROMANIA)
Albu, Lucian Liviu; Roudoi, Andrei - In: Journal for Economic Forecasting (2003) 4, pp. 50-64
The paper analyzes the dynamics and structure of GDP in Romania during the transition period. Two simulation scenarios are proposed on the basis of a standard production function. The first simulation uses an augmented production function with FDI and exports, while the second simulation uses a...
Persistent link: https://www.econbiz.de/10005612253
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METHODOLOGY OF SCENARIO FORECASTING OF RUSSIA’S ECONOMIC DEVELOPMENT
Mikhailenko, Kirill - In: Journal for Economic Forecasting (2003) 5, pp. 78-91
models problematic. He supports the idea of developing new instruments of analysis and forecasting of social and economic … elaborated for short term forecasting of basic macroeconomic indicators. The second model is a quarterly scenario forecasting of … National Accounts. The forecasting exercises of the complex modelling are realised under two alternative scenario, an …
Persistent link: https://www.econbiz.de/10005612212
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US Elasticities of Substitution and Factor-Augmentation at the Industry Level
Young, Andrew T. - 2012
We provide industry-level estimates of the elasticity of substitution (σ) between capital and labor in the US economy. We also estimate rates of factor-augmentation. Aggregate estimates are produced using the same data. Our empirical model comes from the first-order conditions associated with a...
Persistent link: https://www.econbiz.de/10013115989
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Isoelastic Elasticity of Substitution Production Functions
Growiec, Jakub - 2015
We generalize the normalized Constant Elasticity of Substitution (CES) production function by allowing the elasticity of substitution to vary isoelastically with (i) relative factor shares, (ii) marginal rates of substitution, (iii) capital-labor ratios, or (iv) capital-output ratios. Ensuing...
Persistent link: https://www.econbiz.de/10013014842
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Factor shares at the sector level, Colombia 1990-2005
Zuleta, Hernando; Suaza, Andrés Felipe García; Young, … - UNIVERSIDAD DEL ROSARIO - 2009
In general, empirical studies on economics rely on the assumption of constant capitalshare of income both at the aggregate level and at the sector level. However, there is noempirical evidence supporting the constancy of capital share at the sector level. In thispaper, using Colombian data, we...
Persistent link: https://www.econbiz.de/10008509414
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A Three-Sector Model of Structural Transformation and Economic Development
Bah, El-hadj M. - Institut for Miljø og Erhvervsøkonomi, Syddansk … - 2009
Growth accounting exercises point to aggregate TFP differences as the dominant source of the large cross-country income differences. In this paper, I ask which sectors account for the aggregate TFP gap between rich and poor countries. Data limitations for developing countries have led...
Persistent link: https://www.econbiz.de/10011123967
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Forecasting aggregate productivity using information from firm-level data
Bartelsman, Eric J.; Wolf, Zoltán - 2009
explores various specifications of decompositions and various forecasting experiments. The result from these horse-races is … for richer forecasting specifications, the paper shows, using Bayesian model averaging techniques (BMA), that the …
Persistent link: https://www.econbiz.de/10011378362
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Forecasting Aggregate Productivity using Information from Firm-Level Data
Bartelsman, Eric J.; Wolf, Zoltan - 2009
explores various specifications of decompositions and various forecasting experiments. The result from these horse-races is … for richer forecasting specifications, the paper shows, using Bayesian model averaging techniques (BMA), that the …
Persistent link: https://www.econbiz.de/10010325710
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Forecasting Productivity Using Information from Firm-Level Data
Bartelsman, Eric J.; Wolf, Zoltán - Tinbergen Institute - 2009
explores various specifications of decompositions and various forecasting experiments. The result from these horse-races is … for richer forecasting specifications, the paper shows, using Bayesian model averaging techniques (BMA), that the …
Persistent link: https://www.econbiz.de/10005016264