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|z 9781451947977
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|a 1018-5941
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|c BD-DhAAL
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|a Roldos, Jorge.
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|a Potential Output Growth in Emerging Market Countries :
|b The Case of Chile /
|c Jorge Roldos.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 1997.
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| 300 |
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|a 1 online resource (26 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a 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 overheated. In 1986-90, the quality-adjusted labor variable explains close to 60 percent of the growth rate of GDP, while during 1991-95 capital formation plays a dominant role. The contribution of TFP growth in Chile is relatively small, but, based on a comparison with European and East Asian experiences, it is expected to increase in the medium term.
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|a Mode of access: Internet
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|a IMF Working Papers; Working Paper ;
|v No. 1997/104
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/1997/104/001.1997.issue-104-en.xml
|z IMF e-Library
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