RGAP
0.1.1Production Function Output Gap Estimation
Overview
The output gap indicates the percentage difference between the actual output of an economy and its potential. Since potential output is a latent process, the estimation of the output gap poses a challenge and numerous filtering techniques have been proposed. 'RGAP' facilitates the estimation of a Cobb-Douglas production function type output gap, as suggested by the European Commission (Havik et al. 2014) https://ideas.repec.org/p/euf/ecopap/0535.html. To that end, the non-accelerating wage rate of unemployment (NAWRU) and the trend of total factor productivity (TFP) can be estimated in two bivariate unobserved component models by means of Kalman filtering and smoothing. 'RGAP' features a flexible modeling framework for the appropriate state-space models and offers frequentist as well as Bayesian estimation techniques. Additional functionalities include direct access to the 'AMECO' https://economy-finance.ec.europa.eu/economic-research-and-databases/economic-databases/ameco-database_en database and automated model selection procedures. See the paper by Streicher (2022) http://hdl.handle.net/20.500.11850/552089 for details.
Install
Health
- OK2026-08-0513 OK · 0 NOTE · 0 WARNING · 0 ERROR · 0 FAILURE
- NOTE2026-08-0112 OK · 1 NOTE · 0 WARNING · 0 ERROR · 0 FAILURE
- OK2026-03-1014 OK · 0 NOTE · 0 WARNING · 0 ERROR · 0 FAILURE
Documentation
- Examples that run
- 100%
- Documented parameters
- 97%
- Return-value docs
- 100%
- References docs
- 0%
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Code & Tests
People & History
2 releases. Pick two to compare their code metrics. R releases are shown for context.
- RR 4.6.0 released · 2026-04-24
- RR 4.5.0 released · 2025-04-11
- RR 4.4.0 released · 2024-04-24
- 0.1.1Latest
- 0.1.02023-06-01
- RR 4.3.0 released · 2023-04-21
Package metadata
- First published
- 2023-06-01
- Total releases
- 2 / 3 yrs
- License
- GPL-3 OSI
- Minimum R
- ≥ 3.1.0
- Bundled data
- 185 KB / 2 files
- Download size
- 1.1 MB
- Installed size
- not tracked yet
- With dependencies
- not tracked yet
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