Abstract
Abstract The Euro Area economy marked an inflexion point during 2Q2013, after the prolonged recession determined by the public debt crisis and its consequences. However, the economic divergence among the member countries persists and the recovery process seems anemic and uneven. In this paper we employ the Cobb-Douglas methodology, the Hodrick-Prescott filter and the ARIMA models in order to estimate the potential GDP and forecast the medium-run evolution of the Euro Area economy. According to our results, the Euro Area economic recovery process would be long, as the potential GDP pace would continue to be below the pre-crisis (Great Recession) period at least until 2016.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
