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

Author

Listed:
  • Cécile Denis
  • Kieran Mc Morrow
  • Werner Röger

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.

Suggested Citation

  • Cécile Denis & Kieran Mc Morrow & Werner Röger, 2002. "Production function approach to calculating potential growth and output gaps - estimates for the EU Member States and the US," European Economy - Economic Papers 2008 - 2015 176, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
  • Handle: RePEc:euf:ecopap:0176
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    References listed on IDEAS

    as
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