GDP Growth, Potential Output, and Output Gaps in Mexico / Ebrima Faal.

Format:

Book

Government document

Author/Creator:

Faal, Ebrima.

Contributor:

International Monetary Fund. Western Hemisphere Department.

Series:

IMF Working Papers; Working Paper ; No. 2005/093

IMF Working Papers

Language:

English

Subjects (All):

Gross domestic product--Mexico.

Gross domestic product.

Inflation (Finance)--Mexico.

Inflation (Finance).

Capital productivity--Mexico.

Capital productivity.

Physical Description:

1 online resource (31 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2005.

Language Note:

English

Summary:

This paper analyzes the sources of Mexico's economic growth since the 1960s and compares various decompositions of historical growth into its trend and cyclical components. The role of the implied output gaps in the inflationary process is then assessed. Looking ahead, the paper presents medium-term paths for GDP based on alternative assumptions for productivity growth rates. The results indicate that the most important factor underlying the slowdown in output growth was a decline in trend total factor productivity growth. Economic policy reforms and the introduction of NAFTA may have raised trend productivity growth in recent years. Further increases in productivity growth would appear necessary, however, to raise medium-term growth.

Contents:

""Contents""; ""I. INTRODUCTION""; ""II. TRENDS IN GDP GROWTH""; ""III. GROWTH ACCOUNTING AND TOTAL FACTOR PRODUCTIVITY""; ""IV. EXPLAINING MEXICO�S OUTPUT AND PRODUCTIVITY DECLINE""; ""V. ESTIMATES OF POTENTIAL OUTPUT""; ""VI. EMPIRICAL RESULTS�POTENTIAL OUTPUT AND OUTPUT GAPS""; ""VII. MEDIUM- TERM GROWTH PROJECTIONS""; ""VIII. CONCLUSIONS""; ""References""

Notes:

"May 2005."

Description based on print version record.

ISBN:

9786613824615

9781462329656

1462329659

9781452703756

1452703752

9781283512169

1283512165

9781451906486

145190648X