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Economy of Greece: An Evaluation of Real Sector

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  • Nicholas Olenev

    (Dorodnicyn Computing Centre FRC CSC RAS, Moscow, Russia)

Abstract

The paper presents an evaluation of recent changes for real sector of Greek economy by an original vintage capital model with putty-clay technology. At a given capital intensity and a given depreciation rate they can evaluate age structure of production capacities by past real investments. External parameters can be determined by comparison of pairs of time series for each macroeconomic index: first calculated by the model and second took from data of its statistical analog. The identified parameters are used for calculation the production capacity dynamics of the immediate past and can be used for forecasts of the immediate future.

Suggested Citation

  • Nicholas Olenev, 2016. "Economy of Greece: An Evaluation of Real Sector," Bulletin of Political Economy, Bulletin of Political Economy, vol. 10(1), pages 25-37, June.
    • Handle: RePEc:awu:journl:v:10:y:2016:i:1:p:25-37
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    References listed on IDEAS

    as
    1. Matveenko V.D. & Olenev N.N. & Shatrov A.V., 2015. "Modeling economic growth of different countries by means of production functions on the basis of comparative analysis of dynamics of interaction of social groups," Вестник Пермского университета. Серия: Экономика, CyberLeninka;Федеральное государственное бюджетное образовательное учреждение высшего профессионального образования «Пермский государственный национальный исследовательский университет», issue 2 (25), pages 42-50.
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