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Record Nr. |
UNINA9910162925303321 |
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Autore |
Garcia-Saltos Roberto |
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Titolo |
Potential Output Growth Estimates for Central America and the Dominican Republic / / Roberto Garcia-Saltos, Fan Zhang, Iulia Ruxandra Teodoru |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2016 |
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ISBN |
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1-4755-6761-8 |
1-4755-6767-7 |
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Descrizione fisica |
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1 online resource (37 pages) : illustrations (some color), graphs. |
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Collana |
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Altri autori (Persone) |
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ZhangFan |
Ruxandra TeodoruIulia |
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Disciplina |
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Soggetti |
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Economic development |
Economic development - Central America |
Labor |
Macroeconomics |
Production and Operations Management |
Model Construction and Estimation |
Price Level |
Inflation |
Deflation |
Monetary Policy |
Production |
Cost |
Capital and Total Factor Productivity |
Capacity |
Macroeconomics: Production |
Employment |
Unemployment |
Wages |
Intergenerational Income Distribution |
Aggregate Human Capital |
Aggregate Labor Productivity |
Labor Standards: Labor Force Composition |
Labour |
income economics |
Total factor productivity |
Potential output |
Production growth |
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Labor force participation |
Industrial productivity |
Economic theory |
Labor market |
Dominican Republic |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Nota di bibliografia |
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Includes bibliographical references. |
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Sommario/riassunto |
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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 Costa Rica, there are no indications of significant economic slack in 2015 in Central America. Looking forward, potential growth in most Central American economies is expected to continue at an average of 4 percent in the medium-term due to structural constraints to capital and employment growth, and low TFP growth. Increasing potential growth, thus, should be a policy priority and structural reforms must be directed at improving business conditions, product and labor markets, and enhancing the capacity for innovation. |
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