Long-Run Elasticity of the Substitution in the Slovak Economy

Konferenzbeitrag

The value of the Slovak long-run elasticity substitution is relatively slow – about 0.10. It follows from the estimate of low-frequency econometric model. Econometric form is given by the capital demand derived from the first-order conditions of the firm maximizing its profit. Due to the robustness we use different measures of the economic variables. The basic data gathered from the National Bank of Slovakia data portal consists of the real and nominal output, nominal capital, output price and different interest rates. A challenge is to find real capital time series. One way is to use a net investment deflator computed from the real and nominal gross fixed investment and the consumption of the fixed capital. The low-pass filter of data series is used to measure the long-run value of variables.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: In: Proceedings of the ENTRENOVA - ENTerprise REsearch InNOVAtion Conference, Dubrovnik, Croatia, 7-9 September 2017 ; Year: 2017 ; Pages: 228-232 ; Zagreb: IRENET - Society for Advancing Innovation and Research in Economy

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Single Equation Models; Single Variables: Panel Data Models; Spatio-temporal Models ; Investment; Capital; Intangible Capital; Capacity ; Aggregate Factor Income Distribution
• Thema: long-run elasticity of substitution ; low-pass data filter ; Slovak economy ; capital demand ; first order condition of the profit maximising firm

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Szomolányi, Karol ; Lukáčik, Martin ; Lukáčiková, Adriana
• Ereignis: Veröffentlichung
• (wer): IRENET - Society for Advancing Innovation and Research in Economy
• (wo): Zagreb
• (wann): 2017

Weitere Informationen

• Handle: http://hdl.handle.net/10419/183779
• Letzte Aktualisierung: 10.03.2025, 11:45 MEZ