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- W2016001413 abstract "This paper estimates potential output and the sources of growth in Chile during 1970-96. Actual output is cointegrated with the quality-adjusted measures of capital and labor, and constant returns to scale cannot be rejected. The estimates of potential output show a positive output gap in the years when the Chilean economy was deemed to be overheated. In 1986-90, the quality-adjusted labor variable explains close to 60 percent of the growth rate of GDP, while during 1991-95 capital formation plays a dominant role. The contribution of TFP growth in Chile is relatively small, but, based on a comparison with European and East Asian experiences, it is expected to increase in the medium term." @default.
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- W2016001413 date "1997-01-01" @default.
- W2016001413 modified "2023-09-27" @default.
- W2016001413 title "Potential Output Growth in Emerging Market Countries: The Case of Chile" @default.
- W2016001413 doi "https://doi.org/10.2139/ssrn.882627" @default.
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