English, Article, Journal or magazine article edition: Produto Potencial: Conceitos, Métodos de Estimação e Aplicação à Economia Brasileira José Ronaldo de Castro Souza Júnior

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Bookmark: http://trove.nla.gov.au/version/2097
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Produto Potencial: Conceitos, Métodos de Estimação e Aplicação à Economia Brasileira
Author
  • José Ronaldo de Castro Souza Júnior
Physical Description
  • preprint
Notes
  • The potential output is an unobservable variable and therefore it is hard to measure.The aim of this paper is to contribute to the discussion of the potential outputestimation by making a theoretical and methodological survey and estimating thevariable for the Brazilian economy. After a quick analysis about the main conceptsrelated to this issue and the estimation methods most used in the internationalliterature, it was chosen to use two kinds of combinations among the productionfunction method and the HP filter. The main conclusions of this paper were: firstly,the potential output is highly responsive to the method used; secondly, based onquarterly Brazilian data, it was possible to observe that the economic growth recoveryinitiated at the end of 2003 was not followed by an increase of the potential outputin the same proportion.
  • RePEc:ipe:ipetds:1130
Language
  • English
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