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Sources of Economic Growth : An Extensive Growth Accounting Exercise
Senhadji Semlali, A. - 1999
A growth accounting exercise is conducted for 88 countries for 1960-94 to examine the source of cross-country differences in total factor productivity (TFP) levels. Two differences distinguish this analysis from that of the related literature. First, the critical technology parameter—the share...
Persistent link: https://www.econbiz.de/10014400197
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Estimating potential growth in the Middle East and Central Asia
Mitra, Pritha; Hosny, Amr; Abajyan, Gohar; Fischer, Mark - 2015
The Middle East and Central Asia's economic growth potential is slowing faster than in other emerging and developing regions, dampening hopes for reducing persistent unemployment and improving the region's generally low living standards. Why? And is it possible to alter this course? This paper...
Persistent link: https://www.econbiz.de/10011281972
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How can Korea boost potential output to ensure continued income convergence?
Jain Chandra, Sonali; Zhang, Longmei - 2014
Persistent link: https://www.econbiz.de/10010359923
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Estimating potential output in Chile : a multivariate filter for mining and non-mining sectors
Blagrave, Patrick; Santoro, Marika - 2016
, labor (adjusted for human-capital and hours worked), and total-factor productivity using a production-function. Our …
Persistent link: https://www.econbiz.de/10011715464
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Potential output growth estimates for Central America and the Dominican Republic
Garcia-Saltos, Roberto; Teodoru, Iulia Ruxandra; Zhang, Fan - 2016
This paper presents estimates of potential output for all Central American economies. Our findings are that potential output growth has declined in recent years in most economies of Central America. Lower capital accumulation and TFP growth are accounting for most of this decline. Apart from...
Persistent link: https://www.econbiz.de/10011716333
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Estimating Poland's Potential Output : A Production Function Approach
Epstein, Natan P. - 2010
The paper develops a methodology based on the production-function approach to estimate potential output of the Polish … potential. The production function is also used to derive medium-term projections of the output gap. According to our …
Persistent link: https://www.econbiz.de/10014404320
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IMF Estimates of Potential Output : Theory and Practice
De Masi, Paula - 1997
The concepts of potential output and the output gap are central to the IMF’s analytical work in providing policy recommendations to member governments. This key role has stimulated research at the IMF to develop and refine estimation techniques. This paper summarizes the methodology and...
Persistent link: https://www.econbiz.de/10014403333
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Aggregate stability and balanced-budget rules
Ghilardi, Matteo F.; Rossi, Raffaele - 2014
Persistent link: https://www.econbiz.de/10010389578
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Aggregate Stability and Balanced-Budget Rules
Ghilardi, Matteo - 2014
It has been shown that under perfect competition and a Cobb-Douglas production function, a basic real business cycle … production functions, namely a constant elasticity of substitution production function. We show that the degree of … substitutability between production factors is a key ingredient to understand the (de)stabilising properties of a balanced-budget rule …
Persistent link: https://www.econbiz.de/10014394298
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How informative are real time output gap estimates in Europe?
Kangur, Alvar; Kirabaeva, Koralai; Natal, Jean-Marc; … - 2019
We study the properties of the IMF-WEO estimates of real-time output gaps for countries in the euro area as well as the determinants of their revisions over 1994-2017. The analysis shows that staff typically saw economies as operating below their potential. In real time, output gaps tend to have...
Persistent link: https://www.econbiz.de/10012103755