Production function approach to calculating potential growth and output gaps - estimates for the EU Member States and the US

Cécile Denis, Kieran Mc Morrow and Werner Röger

No 176, European Economy - Economic Papers 2008 - 2015 from Directorate General Economic and Financial Affairs (DG ECFIN), European Commission

Abstract: This paper describes the methodology for calculating potential growth and output gaps using a production function approach. On the basis of the Commission services Spring 2002 economic forecasts, the approach is illustrated by providing estimates for the EU's Member States, the Euro Zone and EU15 aggregates as well as for the United States.

Keywords: production function; growth and output; economic forecasts; Denis; Mc Morrow; Röger (search for similar items in EconPapers)
Pages: 82 pages
Date: 2002-09
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Citations: View citations in EconPapers (37)

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Persistent link: https://EconPapers.repec.org/RePEc:euf:ecopap:0176

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