01895cas a2200241 a 4500 AALejournalIMF018477 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484357026 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. European Dept. Montenegro : Selected Issues. Washington, D.C. : International Monetary Fund, 2018. 1 online resource (65 pages) IMF Staff Country Reports <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 Selected Issues paper analyzes the long-term growth prospects and the output gap in Montenegro. Historical growth in Montenegro was driven mostly by capital with some contribution from labor, while total factor productivity (TFP) contributed negatively. Going forward, in the baseline growth accounting framework with no reforms, employment will likely have a slightly negative contribution because of demographic dynamics unless both labor force participation and unemployment improve significantly. The highway project will contribute to capital accumulation in the near term, but the contribution from capital accumulation will likely fall despite relatively high investment ratios. Based on historical performance, the contribution from TFP is likely limited and constitutes the main bottleneck for long-term growth prospects in the no-reform baseline. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2018/122 Full text available on IMF http://elibrary.imf.org/view/journals/002/2018/122/002.2018.issue-122-en.xml IMF e-Library