Modelling of Production Relations in the Lithuanian Economy
This paper presents a method for the analysis of price index changes in each branch of thecountry’s economy given changes in production factors. Cobb–Douglas production functions were evaluated foreach sector separately enabling the forecasting of production quantities. The country’s total producti...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Lietuvos statistikų sąjunga, Lietuvos statistikos departamentas
2015-12-01
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| Series: | Lithuanian Journal of Statistics |
| Subjects: | |
| Online Access: | https://www.journals.vu.lt/statisticsjournal/article/view/13880 |
| _version_ | 1819025476196237312 |
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| author | Daina Filatovaitė Nomeda Bratčikovienė |
| author_facet | Daina Filatovaitė Nomeda Bratčikovienė |
| author_sort | Daina Filatovaitė |
| collection | DOAJ |
| description |
This paper presents a method for the analysis of price index changes in each branch of thecountry’s economy given changes in production factors. Cobb–Douglas production functions were evaluated foreach sector separately enabling the forecasting of production quantities. The country’s total production functionwas estimated using conditional regression. Later, an inter-branch balance problem of price and productionvolume relationship evaluation was solved using a Lithuanian input–output table. Finally, combining the estimatedproduction functions and estimated price–output relationship, Lithuanian economy-relevant scenarios ofre-emigration and retail chain Lidl investment were analysed.
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| first_indexed | 2024-12-21T05:11:17Z |
| format | Article |
| id | doaj.art-aace4d79dd4a4845bcd5273d2ac00536 |
| institution | Directory Open Access Journal |
| issn | 1392-642X 2029-7262 |
| language | English |
| last_indexed | 2024-12-21T05:11:17Z |
| publishDate | 2015-12-01 |
| publisher | Lietuvos statistikų sąjunga, Lietuvos statistikos departamentas |
| record_format | Article |
| series | Lithuanian Journal of Statistics |
| spelling | doaj.art-aace4d79dd4a4845bcd5273d2ac005362022-12-21T19:15:03ZengLietuvos statistikų sąjunga, Lietuvos statistikos departamentasLithuanian Journal of Statistics1392-642X2029-72622015-12-0154110.15388/LJS.2015.13880Modelling of Production Relations in the Lithuanian EconomyDaina Filatovaitė0Nomeda Bratčikovienė1Vilnius Gediminas Technical University, LithuaniaVilnius Gediminas Technical University, Lithuania This paper presents a method for the analysis of price index changes in each branch of thecountry’s economy given changes in production factors. Cobb–Douglas production functions were evaluated foreach sector separately enabling the forecasting of production quantities. The country’s total production functionwas estimated using conditional regression. Later, an inter-branch balance problem of price and productionvolume relationship evaluation was solved using a Lithuanian input–output table. Finally, combining the estimatedproduction functions and estimated price–output relationship, Lithuanian economy-relevant scenarios ofre-emigration and retail chain Lidl investment were analysed. https://www.journals.vu.lt/statisticsjournal/article/view/13880Cobb–Douglas production functionprice forecastinput-output tablescenarios of the Lithuanian economy |
| spellingShingle | Daina Filatovaitė Nomeda Bratčikovienė Modelling of Production Relations in the Lithuanian Economy Lithuanian Journal of Statistics Cobb–Douglas production function price forecast input-output table scenarios of the Lithuanian economy |
| title | Modelling of Production Relations in the Lithuanian Economy |
| title_full | Modelling of Production Relations in the Lithuanian Economy |
| title_fullStr | Modelling of Production Relations in the Lithuanian Economy |
| title_full_unstemmed | Modelling of Production Relations in the Lithuanian Economy |
| title_short | Modelling of Production Relations in the Lithuanian Economy |
| title_sort | modelling of production relations in the lithuanian economy |
| topic | Cobb–Douglas production function price forecast input-output table scenarios of the Lithuanian economy |
| url | https://www.journals.vu.lt/statisticsjournal/article/view/13880 |
| work_keys_str_mv | AT dainafilatovaite modellingofproductionrelationsinthelithuanianeconomy AT nomedabratcikoviene modellingofproductionrelationsinthelithuanianeconomy |