Arbeitspapier
Production and employment in the BOF4 quarterly model of the Finnish economy
This paper contains a description of the production and labour demand sections of the BOF4 model. CES value added production functions are developed and estimated for the five sectors of the economy. From these the marginal product of labour and capital functions are derived which are important factors in determining investments and the prices of gross outputs in each of the sectors. The demand for labour hours is defined as a gradual adjustment process towards the level determined by the inverted production' functions. An input-output model is used to determine output and value-added deflators by sectors as well as the prices of the different demand components.
- ISBN
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951-686-159-8
- Language
-
Englisch
- Bibliographic citation
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Series: Bank of Finland Discussion Papers ; No. 14/1988
- Classification
-
Wirtschaft
- Event
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Geistige Schöpfung
- (who)
-
Tarkka, Juha
Willman, Alpo
Rasi, Chris-Marie
- Event
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Veröffentlichung
- (who)
-
Bank of Finland
- (where)
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Helsinki
- (when)
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1988
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Tarkka, Juha
- Willman, Alpo
- Rasi, Chris-Marie
- Bank of Finland
Time of origin
- 1988
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