ESTIMATION OF POTENTIAL GDP BASED ON THE COBB-DOUGLAS PRODUCTION FUNCTION (THE CASE OF UZBEKISTAN ECONOMY)
Vol. 23 No. 3 (2022), Economics and history of economic studies
Vol. 23 No. 3 (2022)

ESTIMATION OF POTENTIAL GDP BASED ON THE COBB-DOUGLAS PRODUCTION FUNCTION (THE CASE OF UZBEKISTAN ECONOMY): https://doi.org/10.55439/ECED/vol23_iss3/a28

Economics and history of economic studies
https://doi.org/10.55439/ECED/vol23_iss3/a525
Published 2022-06-27
Dostonbek Djalilov
National University of Uzbekistan named after Mirzo Ulugbek
PDF (O'zbekcha)

Keywords

potential GDP
outputgap
consumer price index
capital
constrained regression model
real effective exchange rate

How to Cite

Djalilov Д. (2022). ESTIMATION OF POTENTIAL GDP BASED ON THE COBB-DOUGLAS PRODUCTION FUNCTION (THE CASE OF UZBEKISTAN ECONOMY): https://doi.org/10.55439/ECED/vol23_iss3/a28. Economics and Education, 23(3), 179–183. https://doi.org/10.55439/ECED/vol23_iss3/a525
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Abstract

In this paper, potential GDP in the economy of Uzbekistan is estimated on the basis of the Cobb-Douglas production function. The share of capital and labor accumulation in the Cobb-Douglas production function was determined using a restricted regression model. In estimating potential GDP, the potential amount of production factors was estimated using the HP filter. In addition, the GDP gap was estimated, which represents the effect of potential GDP on the consumer price index.

https://doi.org/10.55439/ECED/vol23_iss3/a525
PDF (O'zbekcha)

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