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This paper assesses El Salvador’s capacity and options for upgrading its fiscal framework and attempts to take a fresh look at the “growth puzzle” from a comparative perspective. The Hausmann’s growth diagnostics approach offers a useful start, but it does not clearly explain El Salvador’s growth ga...

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Bibliographic Details
Corporate Author: International Monetary Fund Middle East and Central Asia Dept
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2016
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:This paper assesses El Salvador’s capacity and options for upgrading its fiscal framework and attempts to take a fresh look at the “growth puzzle” from a comparative perspective. The Hausmann’s growth diagnostics approach offers a useful start, but it does not clearly explain El Salvador’s growth gap versus its regional peers. The paper also constructs estimates of potential output growth and the output gap for El Salvador and compares it to those of other Central American countries. It examines potential growth before and after the global financial crisis and its likely medium-term trajectory
Physical Description:87 pages
ISBN:9781498340953