Working Paper 04-15 - Potential output growth in Belgium since the crisis - Lower and more uncertain

Igor Lebrun

Working Papers from Federal Planning Bureau, Belgium

Abstract: The uncertainty surrounding the estimates of potential output has risen in the euro area countries since the outbreak of the financial crisis. Moreover, potential growth in the euro area has fallen since 2009. In this working paper we examine both phenomena for Belgium based on potential GDP estimates produced by the Federal Planning Bureau. We also analyse the evolution of the three main underlying determinants of potential growth, namely the contribution of labour, capital and total factor productivity.

JEL-codes: C5 E1 O47 (search for similar items in EconPapers)
Date: 2015-06-23
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Persistent link: https://EconPapers.repec.org/RePEc:fpb:wpaper:201504

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