01745cas a2200241 a 4500 AALejournalIMF000445 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451947977 1018-5941 BD-DhAAL BD-DhAAL Roldos, Jorge. Potential Output Growth in Emerging Market Countries : The Case of Chile / Jorge Roldos. Washington, D.C. : International Monetary Fund, 1997. 1 online resource (26 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1997/104 Full text available on IMF http://elibrary.imf.org/view/journals/001/1997/104/001.1997.issue-104-en.xml IMF e-Library