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Odhad potenciálního produktu a produkční mezery v České republice
[Estimate of potential output and output gap in the Czech Republic]

Author

Listed:
  • Mojmír Hájek
  • Vladimír Bezděk

Abstract

The article describes the estimate of potencial output and output gap in the Czech economy on the macroeconomic level for the period 1991 - 1999 and forecasted years 2000 and 2001. Two methods are used. The first is the application of Hodrick - Prescott filter to yearly and quarterly data of real GDP. The second one is Cobb-Douglas production function with technological progress, using yearly data about real GDP, stock of capital and labour. In the case of production function three variants of

Suggested Citation

  • Mojmír Hájek & Vladimír Bezděk, 2001. "Odhad potenciálního produktu a produkční mezery v České republice [Estimate of potential output and output gap in the Czech Republic]," Politická ekonomie, Prague University of Economics and Business, vol. 2001(4).
    • Handle: RePEc:prg:jnlpol:v:2001:y:2001:i:4:id:320
    DOI: 10.18267/j.polek.320
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    Cited by:

    1. Pavel Tuleja & Michal Tvrdoň, 2011. "The Czech labour market after the crisis of a real economy: negative development or return to steady-state?," Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, Mendel University Press, vol. 59(7), pages 477-488.

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