04556oam 22011534 450 991016292530332120230808201450.01-4755-6761-81-4755-6767-7(CKB)3710000001045051(MiAaPQ)EBC4800310(IMF)WPIEA2016250(EXLCZ)99371000000104505120020129d2016 uf 0engurcnu||||||||rdacontentrdamediardacarrierPotential Output Growth Estimates for Central America and the Dominican Republic /Roberto Garcia-Saltos, Fan Zhang, Iulia Ruxandra TeodoruWashington, D.C. :International Monetary Fund,2016.1 online resource (37 pages) illustrations (some color), graphs. IMF Working Papers1-4755-6315-9 Includes bibliographical references.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.IMF Working Papers; Working Paper ;No. 2016/250Economic developmentEconomic developmentCentral AmericaLaborimfMacroeconomicsimfProduction and Operations ManagementimfModel Construction and EstimationimfPrice LevelimfInflationimfDeflationimfMonetary PolicyimfProductionimfCostimfCapital and Total Factor ProductivityimfCapacityimfMacroeconomics: ProductionimfEmploymentimfUnemploymentimfWagesimfIntergenerational Income DistributionimfAggregate Human CapitalimfAggregate Labor ProductivityimfLabor Standards: Labor Force CompositionimfLabourimfincome economicsimfTotal factor productivityimfPotential outputimfProduction growthimfLabor force participationimfIndustrial productivityimfEconomic theoryimfLabor marketimfDominican RepublicimfEconomic development.Economic developmentLaborMacroeconomicsProduction and Operations ManagementModel Construction and EstimationPrice LevelInflationDeflationMonetary PolicyProductionCostCapital and Total Factor ProductivityCapacityMacroeconomics: ProductionEmploymentUnemploymentWagesIntergenerational Income DistributionAggregate Human CapitalAggregate Labor ProductivityLabor Standards: Labor Force CompositionLabourincome economicsTotal factor productivityPotential outputProduction growthLabor force participationIndustrial productivityEconomic theoryLabor market338.9Garcia-Saltos Roberto1374858Zhang Fan982169Ruxandra Teodoru Iulia1452108DcWaIMFBOOK9910162925303321Potential Output Growth Estimates for Central America and the Dominican Republic3653311UNINA