Estimating Contribution of Factors to Long-Term Growth in Romania
12 Pages Posted: 8 Mar 2010
Date Written: 2003
Abstract
The paper analyses the dynamics and structure of GDP in Romania during the transition period. Starting from the classical Cobb-Douglas production model, 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.
Keywords: Cobb-Douglas production function, total factor productivity, long-term economic growth, macroeconomic forecasting
JEL Classification: C53, C63, E23, O41
Suggested Citation: Suggested Citation
Albu, Lucian-Liviu and Albu, Lucian-Liviu, Estimating Contribution of Factors to Long-Term Growth in Romania (2003). Available at SSRN: https://ssrn.com/abstract=1566506 or http://dx.doi.org/10.2139/ssrn.1566506
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