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Estimaciones alternativas del PIB potencial en la República Dominicana
[Alternative methods to estimate the potential GDP of the Dominican Republic]

Author

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  • Cruz Rodriguez, Alexis
  • Francos Rodriguez, Martin

Abstract

In this paper we apply different methods to calculate the potential output of the Dominican Republic. The estimates were made using two data sets. First, we use a quarterly data set covering the period 1980-2006 and then an annual data set for the period 1950-2006 is used. The results of the estimates for each method are compared based on growth rates and generate correlations between them. Growth rates are similar and found a high correlation between the different methods used. For the period 1950-2006 the country's potential output was around 4.8%, while for the period 1980-2006 it was around 4.0%. Additionally, these results allow for calculation the gap between actual and potential output.

Suggested Citation

  • Cruz Rodriguez, Alexis & Francos Rodriguez, Martin, 2008. "Estimaciones alternativas del PIB potencial en la República Dominicana [Alternative methods to estimate the potential GDP of the Dominican Republic]," MPRA Paper 15614, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:15614
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    File URL: https://mpra.ub.uni-muenchen.de/48132/1/MPRA_paper_15614.pdf
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    References listed on IDEAS

    as
    1. Lawrence J. Christiano & Terry J. Fitzgerald, 2003. "The Band Pass Filter," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 44(2), pages 435-465, May.
    2. Marianne Baxter & Robert G. King, 1999. "Measuring Business Cycles: Approximate Band-Pass Filters For Economic Time Series," The Review of Economics and Statistics, MIT Press, vol. 81(4), pages 575-593, November.
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    Cited by:

    1. Cruz Mejía, Jose Vidal & Cruz-Rodríguez, Alexis, 2020. "Impacto de la inversión extranjera directa en el crecimiento económico, las exportaciones y el empleo de República Dominicana [Impact of foreign direct investment on economic growth, exports and em," MPRA Paper 100990, University Library of Munich, Germany.
    2. Cruz-Rodríguez, Alexis, 2008. "A Phillips Curve for the Dominican Republic," MPRA Paper 54114, University Library of Munich, Germany.
    3. Francisco, Ramirez, 2011. "Modelos de Estimación de la Brecha de Producto: Aplicación al PIB de la República Dominicana [Models for Estimating the Output Gap: Application to the GDP of Dominican Republic]," MPRA Paper 38886, University Library of Munich, Germany.

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    More about this item

    Keywords

    output gap;

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production

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