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Potential Output Growth Estimates For Central America And The Dominican Republic
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Book Synopsis Potential Output Growth Estimates for Central America and the Dominican Republic by : Mr.Roberto Garcia-Saltos
Download or read book Potential Output Growth Estimates for Central America and the Dominican Republic written by Mr.Roberto Garcia-Saltos and published by International Monetary Fund. This book was released on 2017-01-18 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents estimates of potential output for all Central American economies. Our findings are that potential output growth has declined in recent years in most economies of Central America. Lower capital accumulation and TFP growth are accounting for most of this decline. Apart from Costa Rica, there are no indications of significant economic slack in 2015 in Central America. Looking forward, potential growth in most Central American economies is expected to continue at an average of 4 percent in the medium-term due to structural constraints to capital and employment growth, and low TFP growth. Increasing potential growth, thus, should be a policy priority and structural reforms must be directed at improving business conditions, product and labor markets, and enhancing the capacity for innovation.
Book Synopsis Potential Output and Output Gap in Central America, Panama and Dominican Republic by : Mr.Christian A Johnson
Download or read book Potential Output and Output Gap in Central America, Panama and Dominican Republic written by Mr.Christian A Johnson and published by International Monetary Fund. This book was released on 2013-06-12 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Inclusive Growth written by Jordi Prat and published by Inter-American Development Bank. This book was released on 2018-02-22 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt: Central America and the Dominican Republic had stable economic growth in 2017. The performance of the United States economy and low commodity prices, mainly oil, meant that the key indicators for the region did not change abruptly. It is worth noting that safeguarding the stability of public finances remains the main challenge for the region. In the short run, we expect the fiscal deficit and public debt to maintain their upward trend, thus putting pressure on interest rates, which would have a negative impact on economic growth. This trend has implied in downward revisions to the region’s economic outlook. Growth in the region has been higher than the rest of Latin America, but its impact on reducing poverty and improve income distribution, has been limited. The report explores options to make growth more inclusive in Central America and the Dominican Republic. It highlights the need to bolster human capital accumulation, take advantage of integration with other trade partners, and generate buffers for political decision-making in a highly uncertain environment, in order ensure that growth can benefit the highest number of people in the region.
Book Synopsis Paving the Way to Sustained Growth and Prosperity in Central America, Panama, and the Dominican Republic by : Ms.Kimberly Beaton
Download or read book Paving the Way to Sustained Growth and Prosperity in Central America, Panama, and the Dominican Republic written by Ms.Kimberly Beaton and published by International Monetary Fund. This book was released on 2019-09-13 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: Accelerating economic growth in Central America, Panama and the Dominican Republic (CAPDR) remains an elusive task. While the region performed relatively well in the post-global financial crisis period, over the last five years obstacles to growth have become more evident and new challenges have emerged. In response, the region has strengthened macro-financial frameworks but more progress will be required to pave the way to sustained growth and prosperity. This book considers the structural factors underlying the region’s growth outlook and assesses its macroeconomic and financial challenges to help shape the policy agenda going forward. The book first identifies the structural determinants of growth in the region related to: capital formation; employment; demographic factors, including immigration; productivity; and violence. It then highlights the importance of creating fiscal space through the design and implementation of fiscal rules and mechanisms to increase accountability (better quality of public spending, adequate policies to reduce income inequality and sustainable retirement plans). Finally, it presents recent evidence on the importance of a supportive financial sector for growth (including through financial inclusion and development).
Book Synopsis Economic Growth in Latin America and the Caribbean by : Norman Loayza
Download or read book Economic Growth in Latin America and the Caribbean written by Norman Loayza and published by World Bank Publications. This book was released on 2005-01-01 with total page 169 pages. Available in PDF, EPUB and Kindle. Book excerpt: Several countries in Latin America and the Caribbean are suffering severe economic downturns and the success of market-oriented reforms is being called into question. This report seeks to contribute to the debate by examining the nature of economic growth in the region. The aim is threefold: to describe the basic characteristics of growth; explain differences across countries and to forecast changes over the next decade.
Book Synopsis Structural Change and Growth in Central America and the Dominican Republic by : Hugo E. Beteta
Download or read book Structural Change and Growth in Central America and the Dominican Republic written by Hugo E. Beteta and published by . This book was released on 2014 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: Foreword -- The current global economic context: will the international financial crisis be surmounted or revisited? -- Economic growth and stabilization in Central America and the Dominican Republicin 1990-2011 -- Labour markets, inequality and poverty -- Central America and the Dominican Republic: role in the world economy and structural change -- The balance of payments and economic growth in Central America and the Dominican Republic -- Macroeconomic policy: main instruments and objectives -- Reflections on a macroeconomic policy for development -- Bibliography -- Annex
Book Synopsis Is the Growth Momentum in Latin America Sustainable? by : Mr.Sebastian Sosa
Download or read book Is the Growth Momentum in Latin America Sustainable? written by Mr.Sebastian Sosa and published by International Monetary Fund. This book was released on 2013-05-15 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: A favorable external environment coupled with prudent policies fostered output growth in most of Latin America during the last decade. But, what were the drivers of this strong growth performance from the supply side and will this momentum be sustainable in the years ahead? We address these questions by identifying the proximate causes of the recent high GDP growth and estimating potential growth rates for the period ahead for a large group of Latin American countries based on standard (Solow-style) growth accounting methodologies. We find that factor accumulation (especially labor), rather than growth in total factor productivity (TFP), remains the main driver of GDP growth. Moving forward, given the expected moderation of capital accumulation and some natural constraints on labor, the strong growth momentum is unlikely to be sustainable unless TFP performance improves significantly.
Book Synopsis The Role of Structural Reforms in Raising Economic Growth in Central America by : Mr.Andrew Swiston
Download or read book The Role of Structural Reforms in Raising Economic Growth in Central America written by Mr.Andrew Swiston and published by International Monetary Fund. This book was released on 2011-10-01 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: Central America experienced moderate growth during the last decade, including in the years leading up to the global financial crisis, but the rate of convergence toward advanced country income levels has still been slow. Moreover, forecasts imply that these trends will continue. What can be done to spur higher growth in Central America? We bring new data to bear on this question-version 7.0 of the Penn World Table and a new IMF database on structural reforms. Our cross-country panel regression of economic growth using System GMM captures the importance to growth of conditional convergence, factor accumulation, and macro policies. In addition, structural efficiency is a significant factor in explaining growth performance. We construct a broad index of efficiency and find that increasing the degree of structural efficiency by one standard deviation raises growth by 1⁄2 percent. This implies that Central American countries could significantly increase their long-run growth rates by increasing the flexibility of markets and improving the quality of regulation.
Book Synopsis Central America, Panama, and the Dominican Republic by : Mr.Marco Pinon
Download or read book Central America, Panama, and the Dominican Republic written by Mr.Marco Pinon and published by International Monetary Fund. This book was released on 2012-06-28 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: Central America, Panama, and the Dominican Republic coped well with the global financial crisis of 2008-09. The impact was generally less severe and shorter lived than in previous episodes, the balance of payments adjustment was orderly, and the stability of the financial system was not compromised. This resilience can be attributed to a large extent to the strengthening of the fiscal frameworks, monetary management, and financial reforms conducted in the years preceding the global crisis. Nevertheless, the region faces considerable challenges for the period ahead, including the need to raise medium term growth above historical levels and protect macroeconomic and financial stability. This book argues that meeting these challenges will have to come from within, in light of the anticipated modest demand growth from trade partners. Raising growth in the region will depend on the adoption of structural reforms that generate substantial productivity gains. Rebuilding fiscal space and securing debt sustainability will hinge on efforts to increase tax revenue and reorienting spending to social and investment priorities. In the non-officially dollarized economies, it will also be essential to strengthen the monetary policy frameworks to keep inflation low and increase exchange rate flexibility, and improve financial regulation and supervision.
Book Synopsis Real-Time Forecasts of Economic Activity for Latin American Economies by : Mr. Philip Liu
Download or read book Real-Time Forecasts of Economic Activity for Latin American Economies written by Mr. Philip Liu and published by International Monetary Fund. This book was released on 2011-04-01 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: Macroeconomic policy decisions in real-time are based the assessment of current and future economic conditions. These assessments are made difficult by the presence of incomplete and noisy data. The problem is more acute for emerging market economies, where most economic data are released infrequently with a (sometimes substantial) lag. This paper evaluates "nowcasts" and forecasts of real GDP growth using five alternative models for ten Latin American countries. The results indicate that the flow of monthly data helps to improve forecast accuracy, and the dynamic factor model consistently produces more accurate nowcasts and forecasts relative to other model specifications, across most of the countries we consider.
Author :United Nations. Economic Commission for Latin America and the Caribbean Publisher :UN ISBN 13 :9789211218626 Total Pages :216 pages Book Rating :4.2/5 (186 download)
Book Synopsis Economic Survey of Latin America and the Caribbean by : United Nations. Economic Commission for Latin America and the Caribbean
Download or read book Economic Survey of Latin America and the Caribbean written by United Nations. Economic Commission for Latin America and the Caribbean and published by UN. This book was released on 2015-01-29 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Economic Survey of Latin America and the Caribbean 2014 looks at how economic growth in the region has been slowing since 2011, and the data available for the first six months of 2014 indicate that the region will not match the growth rate of 2.5% recorded in 2013. Growth has been muted over the first few months of the year, owing to stagnant gross fixed capital formation and faltering private consumption. Government consumption, on the other hand, has picked up, and the net contribution of exports has been more positive than during the same period of the previous year. A regional growth rate of 2.2% is forecast for 2014.
Book Synopsis Potential Output and Output Gap in Central America, Panama and Dominican Republic by : Mr.Christian A Johnson
Download or read book Potential Output and Output Gap in Central America, Panama and Dominican Republic written by Mr.Christian A Johnson and published by International Monetary Fund. This book was released on 2013-06-12 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Author :International Monetary Fund. Research Dept. Publisher :International Monetary Fund ISBN 13 :1513516175 Total Pages :208 pages Book Rating :4.5/5 (135 download)
Book Synopsis World Economic Outlook, October 2019 by : International Monetary Fund. Research Dept.
Download or read book World Economic Outlook, October 2019 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2019-10-15 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: Global growth is forecast at 3.0 percent for 2019, its lowest level since 2008–09 and a 0.3 percentage point downgrade from the April 2019 World Economic Outlook.
Book Synopsis Dominican Republic by : International Monetary
Download or read book Dominican Republic written by International Monetary and published by International Monetary Fund. This book was released on 2022-07-08 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt: As in the past, the Dominican Republic’s dynamic economy continued to show remarkable resilience to shocks, rebounding strongly from the impact of the pandemic. Sound policies, a nimble vaccination campaign and a well-attuned reopening—including international travel—allowed the economy to make the most of the global rebound. The recovery has been broad based; GDP was about 5 percent above pre-pandemic levels as of end-2021. The country maintained sound market access and benefitted from Fund support through the Rapid Financing Instrument (RFI).
Book Synopsis Latin America by : Ms.Dora M. Iakova
Download or read book Latin America written by Ms.Dora M. Iakova and published by International Monetary Fund. This book was released on 2014-12-23 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past fifteen years countries in Latin America made tremendous progress in strengthening their economies and improving living standards. Although output fell temporarily during the global financial crisis, most economies staged a rapid recovery. However, economic activity across the region has been cooling off and the region is facing a more challenging period ahead. This book argues that Latin America can rise to the challenge, and policymakers in the region are already implementing reforms in education, energy, and other sectors. More is needed, and more is possible, in Latin America’s quest to continue to improve living standards.
Author :International Monetary Fund. Middle East and Central Asia Dept. Publisher :International Monetary Fund ISBN 13 :1475578253 Total Pages :39 pages Book Rating :4.4/5 (755 download)
Book Synopsis Guatemala by : International Monetary Fund. Middle East and Central Asia Dept.
Download or read book Guatemala written by International Monetary Fund. Middle East and Central Asia Dept. and published by International Monetary Fund. This book was released on 2013-08-02 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Selected Issues paper estimates both Guatemala’s potential output and output gap using a wide range of econometric techniques. The analysis suggests that Guatemala’s potential output growth is about 3.5 percent for the whole sample period and that the output gap is almost closed. Results are highly robust among different methodologies. Among the methods used, several well-known time series filters and two different estimations of a state-space model are included. Additionally, a test for structural breaks in the series of potential GDP is presented. All methodologies conclude that the output gap at the end of 2012 is almost closed at -0.2 percent of potential GDP.
Book Synopsis Is the Growth Momentum in Latin America Sustainable? by : Mr.Sebastian Sosa
Download or read book Is the Growth Momentum in Latin America Sustainable? written by Mr.Sebastian Sosa and published by International Monetary Fund. This book was released on 2013-05-15 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: A favorable external environment coupled with prudent policies fostered output growth in most of Latin America during the last decade. But, what were the drivers of this strong growth performance from the supply side and will this momentum be sustainable in the years ahead? We address these questions by identifying the proximate causes of the recent high GDP growth and estimating potential growth rates for the period ahead for a large group of Latin American countries based on standard (Solow-style) growth accounting methodologies. We find that factor accumulation (especially labor), rather than growth in total factor productivity (TFP), remains the main driver of GDP growth. Moving forward, given the expected moderation of capital accumulation and some natural constraints on labor, the strong growth momentum is unlikely to be sustainable unless TFP performance improves significantly.
