Assessment of the Solow residuals for real and potential GDP: practical calculation for member countries of OECD
The calculations of the Solow residuals for a number of member countries of OECD are presented in the paper. For calculations the simple neoclassical model of economic growth with neutral technical progress is used. The analysis of sources of statistical data has re- vealed essential restrictions which reduce reliability of calculations. On the basis of various methods of the statistical accounting of work (data on economically active population and the fulfilled hours) the quantitative assessment of the Solow residuals both for real, and for potential GDP of the considered countries is received. Efficiency of the used methods of an assessment of the Solow residuals for real and potential GDP is compared