The Basic Characteristics of the Regional Department of Attica and Estimates of Potential Output and Potential Labour

Belegri-Roboli, Athena and Michaelides, Panayotis G. (2005): The Basic Characteristics of the Regional Department of Attica and Estimates of Potential Output and Potential Labour.

Abstract

We estimate potential labour and labour gap as well as potential output and output gap using a Cobb Douglas production function and a Hodrick-Prescott filter. We investigate the Athens Region in Greece by sector of economic activity. We find that Attica seems to be working, over the regional economy’s capabilities, a fact which leads to inflationary pressure.

• Item Type: MPRA Paper
• Language: English
• Keywords: Potential Output, Potential Labour, Attica
• Subjects: J - Labor and Demographic Economics > J0 - General

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