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150128 ||| eng |
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|a 9781484322208
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1 |
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|a Johnson, Christian
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245 |
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|a Potential Output and Output Gap in Central America, Panama and Dominican Republic
|c Christian Johnson
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260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2013
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300 |
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|a 42 pages
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651 |
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4 |
|a El Salvador
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653 |
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|a Potential output
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653 |
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|a Output gap
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653 |
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|a Economic development
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653 |
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|a Cost
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653 |
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|a Capital and Total Factor Productivity
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653 |
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|a Production
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653 |
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|a Industrial productivity
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653 |
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|a Total factor productivity
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653 |
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|a Macroeconomics: Production
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653 |
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|a Economic growth
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653 |
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|a Environment and Growth
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653 |
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|a Macroeconomics
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653 |
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|a Sustainable growth
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653 |
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|a Capacity
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653 |
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|a Economic theory
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653 |
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|a Production growth
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653 |
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|a Production and Operations Management
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|a eng
|2 ISO 639-2
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|b IMF
|a International Monetary Fund
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|a IMF Working Papers
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|a 10.5089/9781484322208.001
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|u https://elibrary.imf.org/view/journals/001/2013/145/001.2013.issue-145-en.xml?cid=40667-com-dsp-marc
|x Verlag
|3 Volltext
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|a 330
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|a Potential Output is a key factor for debt sustaintability analysis and for developing strategies for growth, but unfortunately it is an unobservable variable. Using three methodologies (production function, switching, and state-space), this paper computes potential output for CAPDR countries using annual data. Main findings are: i) CAPDR potential growth is about 4.4 percent while output gap volatility is about 1.9 percent; ii) The highest-potential growth country is Panama (6.5 percent) while the lowest-growth country is El Salvador (2.6 percent); iii) CAPDR business cycle is about eigth years
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