The goal of this thesis is to estimate potential output of the economy of the Czech Republic from 1999 to 2011. In the first chapter I focus on description of the overall product of the economy, introduction and definition, mostly NAIRU approach, of the potential output and several approaches to estimate potential output. Production function is analysed in the following chapter from econometric as well as economic perspective. The most important properties of the production functions are also described in this chapter. In the end of the second chapter I deal with three most common types of production function. Estimated values of the variables in the production function including the value of the potential output of the Czech economy and relevant interpretations are presented in the last chapter of this thesis.
| Identifer | oai:union.ndltd.org:nusl.cz/oai:invenio.nusl.cz:124617 |
| Date | January 2012 |
| Creators | Šálek, Pavel |
| Contributors | Pánková, Václava, Školuda, Václav |
| Publisher | Vysoká škola ekonomická v Praze |
| Source Sets | Czech ETDs |
| Language | Czech |
| Detected Language | English |
| Type | info:eu-repo/semantics/masterThesis |
| Rights | info:eu-repo/semantics/restrictedAccess |
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