RePEc: Research Papers in Economics · 2002 · 93 citations · 0 references
Social SciencesEconomicsEconomic DevelopmentForecastingMacroeconomicsEconomic GrowthGrowth TheoryProduction FunctionsProduction TheoryProductivity AnalysisAggregate Production FunctionEstimation Of Production FunctionsEuro Area EconomicsEuro Area MacroeconomicsGrowth Potential AssessmentPotential OutputProduction ApproachProduction Function Estimation
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.