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Estimaciones alternativas del PIB potencial en la República Dominicana

Cruz Rodriguez, Alexis and Francos Rodriguez, Martin (2008): Estimaciones alternativas del PIB potencial en la República Dominicana.

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Abstract

In this paper we apply different methods to calculate the potential output of the Dominican Republic. The estimates were made using two data sets. First, we use a quarterly data set covering the period 1980-2006 and then an annual data set for the period 1950-2006 is used. The results of the estimates for each method are compared based on growth rates and generate correlations between them. Growth rates are similar and found a high correlation between the different methods used. For the period 1950-2006 the country's potential output was around 4.8%, while for the period 1980-2006 it was around 4.0%. Additionally, these results allow for calculation the gap between actual and potential output.

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