Potential Output Growth in Emerging Market Countries : The Case of Chile

The Case of Chile

Potential Output Growth in Emerging Market Countries : The Case of Chile
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... READ MORE...

Publication date: September 1997
ISBN 9781451947977
$15.00

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