Economic Growth Decomposition : an Empirical Analysis Using Bayesian Frontier Approach

• Autorzy: Kamil Makieła
• Języki publikacji: EN

Abstrakty

EN

This paper presents an empirical analysis of economic growth in respect of its components, namely input change, technological progress and changes in efficiency. In this work the Bayesian Stochastic Frontier method as well as the output change decomposition procedure, are used in order to evaluate their influence on economic growth. The use of panel data in the study allows for a detailed analysis of economic growth in a given economy and enables the search for general patterns that govern the process. The study is carried using a set of sixteen countries over the period 1995 - 2005. (original abstract)

Słowa kluczowe

EN

Economic growth; Bayesian inference; Productivity; Stochastic analysis

PL

Wzrost gospodarczy; Wnioskowanie bayesowskie; Produktywność; Analiza stochastyczna

• Czasopismo: Central European Journal of Economic Modelling and Econometrics (CEJEME)
• Rocznik: 2009
• Tom: 1
• Numer: nr 4
• Strony: 333--369

Twórcy

autor

Kamil Makieła

• Grand Valley State University, Stany Zjednoczone

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Identyfikatory

DOI

10.24425/cejeme.2009.122241