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Can the Philippines attain 6.5-8 percent growth during 2023-28? An assessment based on the estimation of the balance-of-payments-constrained growth rate
Felipe, Jesus; Albis, Manuel Leonard - 2024
investment (FDI) inflows. Second, we use state-space estimation techniques to obtain time-varying parameters of the relevant … basic balance of the Philippines of about 6.5 percent in 2021 (and declining during the years prior to it). This BOPC growth … the BOPC growth rate. The Philippines must lift the constraints that impede a higher growth of exports. In particular, it …
Persistent link: https://www.econbiz.de/10014581788
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The People's Republic of China's long-run growth through the lens of the export-led growth model
Felipe, Jesus; Lanzafame, Matteo - 2018
The People's Republic of China's (PRC) remarkable growth performance over the last 3 decades has been associated to very robust export growth, so much so that many refer to it as a clear example of export-led growth (ELG). Using the concept of the balance-of-payments equilibrium (BOPE) growth...
Persistent link: https://www.econbiz.de/10011896368
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The People's Republic of China's potential growth rate : the long-run constraints
Felipe, Jesus; Lanzafame, Matteo; Zhuang, Juzhong - 2014
We estimate the People's Republic of China's (PRC's potential growth rate in 2012 at 8.7% and at 9.2% for the average of 2008–2012, about the same as the average actual growth rate for this period. This rate is the natural growth rate, that is, the rate consistent with a constant unemployment...
Persistent link: https://www.econbiz.de/10010463576
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Why has the Philippines' growth performance improved? : from disappointment to promising success
Felipe, Jesus; Estrada, Gemma - 2018
This paper analyzes why the Philippines' growth performance has improved significantly in recent years. As in the … constant unemployment rate, through the notion of Harrod's natural growth rate and Okun's Law. Kalman filter estimation allows …
Persistent link: https://www.econbiz.de/10011817064
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China's march to prosperity : reforms to avoid the middle-income trap
Koen, Vincent; Herd, Richard; Hill, Sam - 2013
China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced economies, even though growth is likely to slow from near double-digit rates in the first decade of this millennium to around 7% at the 2020 horizon. However, in order to...
Persistent link: https://www.econbiz.de/10010231008
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Why has the Philippines' growth performance improved? From disappointment to promising success
Felipe, Jesus; Estrada, Gemma - 2018
This paper analyzes why the Philippines' growth performance has improved significantly in recent years. As in the … constant unemployment rate, through the notion of Harrod's natural growth rate and Okun's Law. Kalman filter estimation allows …
Persistent link: https://www.econbiz.de/10012064704
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The People's Republic of China's long-run growth through the lens of the export-led growth model
Felipe, Jesus; Lanzafame, Matteo - 2018
The People's Republic of China's (PRC) remarkable growth performance over the last 3 decades has been associated to very robust export growth, so much so that many refer to it as a clear example of export-led growth (ELG). Using the concept of the balance-of-payments equilibrium (BOPE) growth...
Persistent link: https://www.econbiz.de/10012064717
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The People's Republic of China's Potential Growth Rate: The Long-Run Constraints
Felipe, Jesus; Lanzafame, Matteo; Zhuang, Juzhong - 2014
We estimate the People's Republic of China's (PRC's potential growth rate in 2012 at 8.7% and at 9.2% for the average of 2008-2012, about the same as the average actual growth rate for this period. This rate is the natural growth rate, that is, the rate consistent with a constant unemployment...
Persistent link: https://www.econbiz.de/10011432703
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Labor productivity slowdown in the developed economies : another productivity puzzle?
Erber, Georg; Fritsche, Ulrich; Harms, Patrick - 2016
The paper addresses the topic of an overall long-term productivity slowdown in labor productivity for a panel of 25 developed countries. Besides studying individual long-term trends of single countries using filtering techniques we also test for multiple structural breakpoints in the long-term...
Persistent link: https://www.econbiz.de/10011532779
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Are long-run output growth rates falling?
Li, Mengheng; Mendieta-Muñoz, Ivan - 2018
-varying parameter models that incorporate both stochastic volatility and a Heckman-type two-step estimation procedure that deals with …
Persistent link: https://www.econbiz.de/10011823990