Analysis of the Norwegian economy and forecasts for the years 2010-2020. Slabtcova Anastasia 2012. Content. 1. Problem statement . 2. Fitting of parameters . 3. The result of the identification of models . 4. The baseline forecast . 5. Negative forecast.
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1. Problem statement.
2. Fitting of parameters.
3. The result of the identification of models.
4. The baseline forecast.
5. Negative forecast.
- gross domestic product (GDP)
- the volume of capital
- average number of employees in the country
Where (at =2000)
Where - Investments into the fixed capital, µ>0 - the pace of disposal of capital,and - initial stock of capital.
where - the GDP deflator, - price indices for imports, final consumption, investment and exports, respectively (, these indices take the values of 1).
where - final consumption
Ϭ, δ, ρ - constant parameter
Where x - the time in years
Figure 1. Fitting of labor L (t) on the basis of statistical data
Figure 2. Fitting relative price based on statistical data