Estimating Potential Output in Chile : A Multivariate Filter for Mining and Non-Mining Sectors /

Using a multivariate filter, we estimate potential growth rates in Chile's mining and non-mining sectors. Estimates for the mining sector incorporate information on copper prices, whereas estimates for non-mining reflect information on inflation and unemployment rates. To better understand the...

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Detalles Bibliográficos
Autor Principal: Blagrave, Patrick
Outros autores: Santoro, Marika
Formato: Revista
Idioma:English
Publicado: Washington, D.C. : International Monetary Fund, 2016.
Series:IMF Working Papers; Working Paper ; No. 2016/201
Acceso en liña:Full text available on IMF
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245 1 0 |a Estimating Potential Output in Chile :   |b A Multivariate Filter for Mining and Non-Mining Sectors /  |c Patrick Blagrave, Marika Santoro. 
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490 1 |a IMF Working Papers 
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500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
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520 3 |a Using a multivariate filter, we estimate potential growth rates in Chile's mining and non-mining sectors. Estimates for the mining sector incorporate information on copper prices, whereas estimates for non-mining reflect information on inflation and unemployment rates. To better understand the drivers of potential growth, we decompose estimates into capital, labor (adjusted for human-capital and hours worked), and total-factor productivity using a production-function. Our estimates of potential output in Chile suggest that an important part of the recent growth slowdown has been structural, with potential-output growth slowing to 2 1\2 percent in recent years, although it plausibly could be higher in the medium-term. 
538 |a Mode of access: Internet 
700 1 |a Santoro, Marika. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2016/201 
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