Estimating Contribution of Factors to Long-Term Growth in Romania

12 Pages Posted: 8 Mar 2010

See all articles by Lucian-Liviu Albu

Lucian-Liviu Albu

Romanian Academy - Institute for Economic Forecasting; Romanian Academy - Institute for Economic Forecasting

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

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

Lucian-Liviu Albu (Contact Author)

Romanian Academy - Institute for Economic Forecasting ( email )

Bucharest, 050711
Romania

HOME PAGE: http://www.ipe.ro

Romanian Academy - Institute for Economic Forecasting ( email )

Bucharest, 050711
Romania

HOME PAGE: http://www.ipe.ro

Do you have negative results from your research you’d like to share?

Paper statistics

Downloads
37
Abstract Views
446
PlumX Metrics