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Estimating Potential Output in Chile : : A Multivariate Filter for Mining and Non-Mining Sectors / / Patrick Blagrave, Marika Santoro



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Autore: Blagrave Patrick Visualizza persona
Titolo: Estimating Potential Output in Chile : : A Multivariate Filter for Mining and Non-Mining Sectors / / Patrick Blagrave, Marika Santoro Visualizza cluster
Pubblicazione: Washington, D.C. : , : International Monetary Fund, , 2016
Descrizione fisica: 1 online resource (33 pages) : illustrations, tables
Disciplina: 330.983064
Soggetto topico: Economic indicators - Chile
Economic development - Chile
Mineral industries - Chile - Econometric models
Macroeconomics
Natural Resource Extraction
Production and Operations Management
Model Construction and Estimation
Price Level
Inflation
Deflation
Monetary Policy
Macroeconomics: Production
Industry Studies: Primary Products and Construction: General
Metals and Metal Products
Cement
Glass
Ceramics
Production
Cost
Capital and Total Factor Productivity
Capacity
Extractive industries
Potential output
Mining sector
Output gap
Metal prices
Total factor productivity
Economic sectors
Prices
Economic theory
Mineral industries
Metals
Industrial productivity
Soggetto geografico: Chile
Altri autori: SantoroMarika  
Nota di bibliografia: Includes bibliographical references.
Sommario/riassunto: Using a multivariate filter, we estimate potential growth rates in Chile’s mining and non-mining sectors. Estimates for the mining sector incorporate information on copper prices, whereas estimates for non-mining reflect information on inflation and unemployment rates. To better understand the drivers of potential growth, we decompose estimates into capital, labor (adjusted for human-capital and hours worked), and total-factor productivity using a production-function. Our estimates of potential output in Chile suggest that an important part of the recent growth slowdown has been structural, with potential-output growth slowing to 2½ percent in recent years, although it plausibly could be higher in the medium-term.
Titolo autorizzato: Estimating Potential Output in Chile  Visualizza cluster
ISBN: 1-4755-4493-6
1-4755-4496-0
Formato: Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione: Inglese
Record Nr.: 9910154898803321
Lo trovi qui: Univ. Federico II
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Serie: IMF Working Papers; Working Paper ; ; No. 2016/201