Konferenzbeitrag
Long-Run Elasticity of the Substitution in the Slovak Economy
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.
- Language
-
Englisch
- Bibliographic citation
-
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
- Classification
-
Wirtschaft
Single Equation Models; Single Variables: Panel Data Models; Spatio-temporal Models
Investment; Capital; Intangible Capital; Capacity
Aggregate Factor Income Distribution
- Subject
-
long-run elasticity of substitution
low-pass data filter
Slovak economy
capital demand
first order condition of the profit maximising firm
- Event
-
Geistige Schöpfung
- (who)
-
Szomolányi, Karol
Lukáčik, Martin
Lukáčiková, Adriana
- Event
-
Veröffentlichung
- (who)
-
IRENET - Society for Advancing Innovation and Research in Economy
- (where)
-
Zagreb
- (when)
-
2017
- Handle
- Last update
-
10.03.2025, 11:45 AM CET
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
- Konferenzbeitrag
Associated
- Szomolányi, Karol
- Lukáčik, Martin
- Lukáčiková, Adriana
- IRENET - Society for Advancing Innovation and Research in Economy
Time of origin
- 2017
Other Objects (12)
The Substitution Elasticity, Factor Shares, Long-Run Growth, and the Low-Frequency Panel Model
The long-run weight of communism or the weight of long-run history?
Reputation in the Long-Run
Birth Weight in the Long-Run
The return of the long-run Phillips curve
The return of the long-run Phillips curve
The return of the long-run Phillips curve
The religious transition : a long-run perspective
The Requirements for Long-Run Fiscal Sustainability
The religious transition: a long-run perspective
The Long-Run Evolution of Infrastructure Services
The religious transition: a long-run perspective
The Substitution Elasticity, Factor Shares, Long-Run Growth, and the Low-Frequency Panel Model
The long-run weight of communism or the weight of long-run history?
Reputation in the Long-Run
Birth Weight in the Long-Run
The return of the long-run Phillips curve
The return of the long-run Phillips curve
The return of the long-run Phillips curve
The religious transition : a long-run perspective
The Requirements for Long-Run Fiscal Sustainability
The religious transition: a long-run perspective
The Long-Run Evolution of Infrastructure Services
The religious transition: a long-run perspective
The Substitution Elasticity, Factor Shares, Long-Run Growth, and the Low-Frequency Panel Model
The long-run weight of communism or the weight of long-run history?
Reputation in the Long-Run
Birth Weight in the Long-Run
The return of the long-run Phillips curve
The return of the long-run Phillips curve
The return of the long-run Phillips curve
The religious transition : a long-run perspective
The Requirements for Long-Run Fiscal Sustainability
The religious transition: a long-run perspective
The Long-Run Evolution of Infrastructure Services