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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

Cécile Denis, Kieran Mc Morrow and Werner Röger

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 Rögerpdf(495 kB) Choose translations of the previous link 

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.
(European Economy. Economic Papers. 176. September 2002. Brussels. 82pp. Tab. Free.)

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