期刊名称：Ovidius University Annals: Economic Sciences Series
电子版ISSN：2393-3127
出版年度：2012
卷号：12
期号：1
语种：English
出版社：Ovidius University Press
摘要：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.
