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Issue 26/2012 The CEA states that the primary version is the paper one. Kamil Makieła Dekompozycja strukturalna wzrostu gospodarczego z wykorzystaniem bayesowskich modeli granicznych na przykładzie krajów UE15 *** Structural Decomposition of Economic Growth in the EU15 using Bayesian Stochastic Frontier Analysis Abstract This paper investigates changes in productivity among the EU15 countries over the last decade. Bayesian Stochastic Frontier models along with structural decomposition of output growth are used to derive the components of output growth. In doing so we explore what impact capital accumulation, labor change, technical progress and technical efficiency change have had on economic growth in those countries. Moreover, estimates of the growth components are conditioned upon model parametrization and the underlying assumptions. Thus, we consider a number of competing specifications and propose Bayes factor as a criterion to choose the best model given the data. Article: PDF Table of contents of issue 26 |
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