Producto Potencial y Brecha del Producto en Nicaragua

Urbina, Jilber (2014): Producto Potencial y Brecha del Producto en Nicaragua. Published in: Revista de Economía y Finanzas , Vol. II, (December 2015): pp. 59-93.

Abstract

This work presents several estimations of Nicaraguan potential output. Results show that both, observed output and potential output are growing steadily. Potential output registered, on average, 3.41% in its growth rate for the period 2000-2013, meanwhile, observed output growths at 3.38% for the same time span. Specifically, the average potential growth was 4.59% in 2013 which fluctuates between a minimum value of 4.39% and a maximum of 4.80%. It was determined that the output gap is not statistically different from zero, which implies that domestic inflation is determined by factors other than the pressures generated via aggregate demand.

• Item Type: MPRA Paper
• English Title: Potential output and output gap in Nicaragua
• Language: Spanish
• Keywords: Potential output, output gap, economic growth.
• Subjects: C - Mathematical and Quantitative Methods > C1 - Econometric and Statistical Methods and Methodology: General > C13 - Estimation: General; E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy > E23 - Production; E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles > E32 - Business Fluctuations ; Cycles

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