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Estimating Potential Output in Romania using Univariate Statistical Filters.
- Source :
- Ovidius University Annals, Series Economic Sciences; 2012, Vol. 12 Issue 1, p1355-1358, 4p
- Publication Year :
- 2012
-
Abstract
- In this paper, we determine the potential economic growth in Romania using three statistical univariate filters. The techniques used are Hodrick-Prescott (HP), Christiano-Fitzgerald (CF) and Baxter-King (BK) filters. According to our calculations, HP outperforms the other two filters for the pre-crisis period but offers poor end-sample estimates as expected. During the economic crisis, all models indicate a slowdown of the potential growth in Romania. The most reliable estimate for 2011 is offered by CF band-pass filter. BK filter performs poorly in the sample period with the exception of the estimate for 2008 and does not provide. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 23933127
- Volume :
- 12
- Issue :
- 1
- Database :
- Complementary Index
- Journal :
- Ovidius University Annals, Series Economic Sciences
- Publication Type :
- Academic Journal
- Accession number :
- 89441447