Producto Potencial y Brecha del Producto en Nicaragua

Potential output and output gap in Nicaragua

Jilber Urbina

MPRA Paper from University Library of Munich, Germany

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.

Keywords: Potential output; output gap; economic growth. (search for similar items in EconPapers)
JEL-codes: C13 E23 E32 (search for similar items in EconPapers)
Date: 2014-10-06, Revised 2015-12
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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