INPROFORUM Junior 2012

Methods of detecting the potential product
Martin Štefko

Language: cs
Last modified: 2013-06-21

Abstract


The sequence of individual steps is use for the calculation of the structural and cyclical balance of public budgets. One of the basic steps is detecting the potential product; because of it is possible to calculate the influence of the cycle on the public finance. The paper is focusing on the specification of three methods that are used for the calculation, and pointing on the usage of methods in practice and primarily focusing on the amount of quotations in scientific papers. The paper evaluates application of methods and shows current trends on the field of methods for calculation of potential product.


Keywords


potential product, structural balance, cyclical balance, beta-convergence, Hodrick-Prescott filter, Cobb-Douglas function

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