Estimating Romania’s potential GDP: a production function and multivariate approach

Estimating Romania’s potential GDP: a production function and multivariate approach

This research assesses Romania’s potential GDP and its variances employing the production function methodology and a multivariate approach. The Cobb-Douglas function measures potential production by integrating labor, capital, and total factor productivity (TFP), utilizing Kalman filtering for labor...

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Bibliographic Details
Main Authors: Georgian Dănuț MIHAI, Andreea-Mădălina BOZAGIU
Format: Article
Language:English
Published: General Association of Economists from Romania 2025-03-01
Series:Theoretical and Applied Economics
Subjects:
potential gdp
production
multivariate
tfp
Online Access: http://store.ectap.ro/articole/1826.pdf
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