Potential output growth: Some long-term projections
This article examines factors that have affected the growth of potential output since the 1950s and presents three possible scenarios for its growth in the future. The authors conclude that there will be a marked slowing in the future growth of potential output as a result of slow population growth and a reduction in labour force participation as the population ages.
Year of publication: |
1998
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Authors: | Kuszczak, John ; Dion, Richard |
Published in: |
Bank of Canada Review. - Bank of Canada. - Vol. 1997-1998.1998, Winter, p. 43-59
|
Publisher: |
Bank of Canada |
Saved in:
freely available
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