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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
  • Werner Röger

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.

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Paper provided by Directorate General Economic and Financial Affairs (DG ECFIN), European Commission in its series European Economy - Economic Papers 2008 - 2015 with number 176.

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Length: 82 pages
Date of creation: Sep 2002
Date of revision:
Handle: RePEc:euf:ecopap:0176
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