A Fresh Look at Potential Output in Central Eastern and Southeastern European Countries is popular PDF and ePub book, written by Jiri Podpiera in 2017-02-14, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, A Fresh Look at Potential Output in Central Eastern and Southeastern European Countries can be Read Online from any device for your convenience.
A Fresh Look at Potential Output in Central Eastern and Southeastern European Countries Book PDF Summary
Was the postcrisis growth slowdown in Central, Eastern and Southeastern Europe (CESEE) structural or cyclical? We use three different methods—production function approach, basic multivariate filter, and multivariate filter with financial frictions—to evaluate potential growth and output gaps for 18 CESEE countries during 2000-15. Our findings suggest that potential growth weakened significantly after the crisis across most countries in the region. This decline appears to be largely due to stagnant productivity and weaker capital accumulation, which were associated with common external factors, including trading partners’ slow potential growth, but also decline in global trade and stalled expansion of global value chains. Our estimates suggest that output gaps in 2015 were largely closed in many countries in the region.
Detail Book of A Fresh Look at Potential Output in Central Eastern and Southeastern European Countries PDF
- Author : Jiri Podpiera
- Release : 14 February 2017
- Publisher : International Monetary Fund
- ISBN : 9781475578980
- Genre : Business & Economics
- Total Page : 37 pages
- Language : English
- PDF File Size : 14,8 Mb
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