Estimating Potential Output in Chile : A Multivariate Filter for Mining and Non-Mining Sectors /
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...
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| Formato: | Periódico |
| Idioma: | English |
| Publicado em: |
Washington, D.C. :
International Monetary Fund,
2016.
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| Colecção: | IMF Working Papers; Working Paper ;
No. 2016/201 |
| Acesso em linha: | Full text available on IMF |
| Resumo: | 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 2 1\2 percent in recent years, although it plausibly could be higher in the medium-term. |
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| Descrição do item: | <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required |
| Descrição Física: | 1 online resource (32 pages) |
| Formato: | Mode of access: Internet |
| ISSN: | 1018-5941 |
| Acesso: | Electronic access restricted to authorized BRAC University faculty, staff and students |