| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 983009 | Procedia Economics and Finance | 2014 | 9 Pages |
Abstract
A main problem for macroeconomic studies continues to be the estimation of capital stock and some derived indicators like coefficient of capital, depreciation rate, etc. In this way we are proposing a simple and intuitively model in order to estimate such basic macroeconomic indicators but avoiding to knowing the amount of capital stock. By applying a simulation model in case of European Union data for a set of periods, we obtained some relevant result. One of them is referring to the negative impact of last global crisis on the coherence of a classic type model. Such model is adequate mostly for a period of continuous increasing in GDP as it was for EU during the period 2000-2007.
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