GDP rate in the European Union: simulations based on panel data models

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F16%3A43875339" target="_blank" >RIV/70883521:28120/16:43875339 - isvavai.cz</a>

Result on the web

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DOI - Digital Object Identifier

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Result language

angličtina

Original language name

GDP rate in the European Union: simulations based on panel data models

Original language description

The objective of this paper is to provide more details regarding the evolution of real GDP growth in the countries of the European Union (EU-28) in the period from 2004 to 2015 based on a panel data approach. According to the estimations based on some dynamic panel data models, an any increase in the real GDP rate in the previous period by one percentage point, the real GDP rate in the current period will increase by 0.3 percentage points up to 0.5 percentage points. According to the Fixed Eff ects Model with time and individual eff ects, the real GDP growth is explained by the employment. According to simulations for 2016 and 2017 based on Dynamic Model and the Fixed Eff ects Model, the last model predicting higher GDP rates with respect to dynamic models. Th e result of this study is the estimation of the real GDP rates in EU-28 countries, which are based on presented econometrics models. Th e annual average of employment as the main factor of GDP growth is taken into account.

Czech name

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Czech description

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Type

J_x - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)

CEP classification

AE - Management, administration and clerical work

OECD FORD branch

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Project

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Continuities

V - Vyzkumna aktivita podporovana z jinych verejnych zdroju

Publication year

2016

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Journal of International Studies

ISSN

2071-8330

e-ISSN

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Volume of the periodical

9

Issue of the periodical within the volume

3

Country of publishing house

PL - POLAND

Number of pages

12

Pages from-to

191-202

UT code for WoS article

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EID of the result in the Scopus database

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