LEADER 04556oam 22011534 450 001 9910162925303321 005 20230808201450.0 010 $a1-4755-6761-8 010 $a1-4755-6767-7 035 $a(CKB)3710000001045051 035 $a(MiAaPQ)EBC4800310 035 $a(IMF)WPIEA2016250 035 $a(EXLCZ)993710000001045051 100 $a20020129d2016 uf 0 101 0 $aeng 135 $aurcnu|||||||| 181 $2rdacontent 182 $2rdamedia 183 $2rdacarrier 200 10$aPotential Output Growth Estimates for Central America and the Dominican Republic /$fRoberto Garcia-Saltos, Fan Zhang, Iulia Ruxandra Teodoru 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2016. 215 $a1 online resource (37 pages) $cillustrations (some color), graphs. 225 1 $aIMF Working Papers 311 $a1-4755-6315-9 320 $aIncludes bibliographical references. 330 3 $aThis paper presents estimates of potential output for all Central American economies. Our findings are that potential output growth has declined in recent years in most economies of Central America. Lower capital accumulation and TFP growth are accounting for most of this decline. Apart from Costa Rica, there are no indications of significant economic slack in 2015 in Central America. Looking forward, potential growth in most Central American economies is expected to continue at an average of 4 percent in the medium-term due to structural constraints to capital and employment growth, and low TFP growth. Increasing potential growth, thus, should be a policy priority and structural reforms must be directed at improving business conditions, product and labor markets, and enhancing the capacity for innovation. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2016/250 606 $aEconomic development 606 $aEconomic development$zCentral America 606 $aLabor$2imf 606 $aMacroeconomics$2imf 606 $aProduction and Operations Management$2imf 606 $aModel Construction and Estimation$2imf 606 $aPrice Level$2imf 606 $aInflation$2imf 606 $aDeflation$2imf 606 $aMonetary Policy$2imf 606 $aProduction$2imf 606 $aCost$2imf 606 $aCapital and Total Factor Productivity$2imf 606 $aCapacity$2imf 606 $aMacroeconomics: Production$2imf 606 $aEmployment$2imf 606 $aUnemployment$2imf 606 $aWages$2imf 606 $aIntergenerational Income Distribution$2imf 606 $aAggregate Human Capital$2imf 606 $aAggregate Labor Productivity$2imf 606 $aLabor Standards: Labor Force Composition$2imf 606 $aLabour$2imf 606 $aincome economics$2imf 606 $aTotal factor productivity$2imf 606 $aPotential output$2imf 606 $aProduction growth$2imf 606 $aLabor force participation$2imf 606 $aIndustrial productivity$2imf 606 $aEconomic theory$2imf 606 $aLabor market$2imf 607 $aDominican Republic$2imf 615 0$aEconomic development. 615 0$aEconomic development 615 7$aLabor 615 7$aMacroeconomics 615 7$aProduction and Operations Management 615 7$aModel Construction and Estimation 615 7$aPrice Level 615 7$aInflation 615 7$aDeflation 615 7$aMonetary Policy 615 7$aProduction 615 7$aCost 615 7$aCapital and Total Factor Productivity 615 7$aCapacity 615 7$aMacroeconomics: Production 615 7$aEmployment 615 7$aUnemployment 615 7$aWages 615 7$aIntergenerational Income Distribution 615 7$aAggregate Human Capital 615 7$aAggregate Labor Productivity 615 7$aLabor Standards: Labor Force Composition 615 7$aLabour 615 7$aincome economics 615 7$aTotal factor productivity 615 7$aPotential output 615 7$aProduction growth 615 7$aLabor force participation 615 7$aIndustrial productivity 615 7$aEconomic theory 615 7$aLabor market 676 $a338.9 700 $aGarcia-Saltos$b Roberto$01374858 701 $aZhang$b Fan$0982169 701 $aRuxandra Teodoru$b Iulia$01452108 801 0$bDcWaIMF 906 $aBOOK 912 $a9910162925303321 996 $aPotential Output Growth Estimates for Central America and the Dominican Republic$93653311 997 $aUNINA