Foreword  
Abstract  v 
요 약  vii 
1. Introduction  1 
2. Potential GDP  5 
2.1 Production Function and Technological Progress  5 
2.2 National Account Data and R&D Stocks  9 
2.3 Natural Rate of Unemployment and Potential GDP  18 
3. The Model and Adjustment Mechanism  22 
3.1 The Model  22 
3.2 Adjustment Mechanism of the Model  30 
4. Model Estimation  34 
4.1 Goodness-of-Fit of the Model 35 
4.2 Demand Side  35 
4.3 Prices  40 
4.4 Supply Side  41 
4.5 Employment and Wages  41 
4.6 Foreign Trade 43 
4.7 Monetary Sector  46 
4.8 Public Finance  47 
5. Simulation Results  48 
6. Concluding Remarks  57 
References  59 
Appendix A: Estimation Results  65 
Appendix B: Degrees of Goodness-of-Fit  83 
Appendix C: Simulation Results  111 
Appendix D: List of Variables 117