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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.

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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.

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